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Trade Idea Wrap-up: GBP/USD - Buy at 1.4370

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 17, 2016.

  1. Lily

    Lily Forum Member

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    Cable caught up with euro and broke above last week's high at 1.4437, signaling recent upmove from 1.3836 low has resumed and may extend further gain to 1.4515-20 (1.236 times projection of 1.4053-1.4292 measuring from 1.4221), however, near term overbought condition should prevent sharp move beyond 1.4550-60 and price should falter below[​IMG]

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