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Trade Idea Update: GBP/USD - Target met and stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 12, 2016.

  1. Lily

    Lily Forum Member

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    Although the British pound did slip again after faltering below resistance at 1.2325 and our short position entered at 1.2300 met target at 1.2180 (with 120 points profit), below 1.2150-60 is needed to retain bearishness and suggest the rebound from 1.2089 has ended at 1.2325, bring further fall to 1.2110,[​IMG]

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