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Trade Idea Wrap-up: GBP/USD - Buy at 1.4460

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 20, 2016.

  1. Lily

    Lily Forum Member

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    As cable has fallen again after brief recovery, suggesting near term downside risk remains for the retreat from 1.4664 (this week's high) to extend weakness to 1.4495-00 (50% Fibonacci retracement of 1.4332-1.4664), however, as this move is still viewed as retracement of the rise from 1.4332, downside should be limited[​IMG]

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