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Trade Idea Update: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 26, 2016.

  1. Lily

    Lily Forum Member

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    As cable has remained under pressure after resuming recent decline on Friday, suggesting another test of last week's low at 1.2915 would be seen, break there would extend recent decline from 1.3445 to 1.2900 (1.236 times projection of 1.3445-1.3138 measuring from 1.3279), however, near term oversold condition should prevent sharp fall below[​IMG]

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