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Trade Idea Wrap-up: GBP/USD - Buy at 1.4300

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 21, 2016.

  1. Lily

    Lily Forum Member

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    As cable's retreat from last week's high of 1.4515 has kept price under pressure, suggesting near term downside risk remains for retracement of recent rise to 1.4335-40 (38.2% Fibonacci retracement of 1.4053-1.4515), however, reckon downside would be limited to 1.4300 and bring rebound later[​IMG]

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