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Trade Idea Wrap-up: GBP/USD - Buy at 1.3105

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

  1. Lily

    Lily Forum Member

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    The British pound has risen again after brief pullback, suggesting near term upside risk remains for the erratic rise from 1.2795 low to bring a stronger retracement of recent decline, hence further gain to 1.3250-55 (61.8% Fibonacci retracement of 1.3534-1.2795) and later 1.3290-00 would be seen, however, near term overbought[​IMG]

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