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Trade Idea Wrao-up: GBP/USD - Sell at 1.3210

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 19, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Cable's breach of support at 1.3132 signals the fall from 1.3481 (last week's high) is still in progress and may extend weakness to 1.3105 support, break there would suggest the rebound from 1.2795 has ended there, bring further fall to 1.3055-60 (61.8% Fibonacci retracement of 1.2795-1.3481), however, near term oversold[​IMG]

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