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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 2, 2016.

  1. Lily

    Lily Forum Member

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    As the British pound has retreated after rising to 1.3318 yesterday, suggesting minor consolidation below this level would be seen and pullback to 1.3240-45 (38.2% Fibonacci retracement of 1.3123-1.3318) is likely, however, reckon 1.3220-24 (50% Fibonacci retracement and current level of the Kijun-Sen) would limit downside, bring another upmove later.[​IMG]

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