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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 11, 2016.

  1. Lily

    Lily Forum Member

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    The British pound has fallen again after meeting renewed selling interest at 1.3094 yesterday, suggesting recent selloff from 1.3372 is still in progress and may extend weakness to 1.2920 and then 1.2900, however, loss of downward momentum should prevent sharp fall below 1.2870-75 and reckon 1.2850 would hold from here, bring rebound later.[​IMG]

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