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Trade Idea Wrap-up: GBP/USD - Buy at 1.4115

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Apr 13, 2016.

  1. Lily

    Lily Forum Member

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    Although cable's retreat from yesterday's high of 1.4348 suggests initial downside risk remains for weakness to 1.4175-80 (50% Fibonacci retracement of 1.4005-1.4348), reckon downside would be limited to 1.4136-41 (61.8% Fibonacci retracement and previous resistance) and 1.4110-15 should attract renewed buying interest, bring rebound later. Above 1.4280 would suggest the[​IMG]

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