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Trade Idea Wrap-up: GBP/USD - Buy at 1.4550

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 24, 2016.

  1. Lily

    Lily Forum Member

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    Current strong rebound on active cross-buying in sterling suggests the fall from 1.4664 (last week's high) has ended at 1.4442 and upside bias remains for further gain towards said resistance, however, break there is needed to retain bullishness and extend the rise from 1.4332 to 1.4690-00 but near term overbought[​IMG]

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