Trade Idea Wrap-up: GBP/USD - Buy at 1.4055

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 14, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable has remained under pressure after meeting renewed selling interest at 1.4328 and near term downside risk remains for the decline from 1.4662 to extend weakness to 1.4085-90, loss of downward momentum should prevent sharp fall below 1.4050-55 (50% projection of 1.4609-1.4115 measuring from 1.4328), bring rebound later.[​IMG]

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