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Trade Idea Wrap-up: GBP/USD - Exit long entered at 1.5405 and stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Nov 2, 2015.

  1. Lily

    Lily Forum Member

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    As the British pound has retreated after intra-day brief rise to 1.5498, suggesting an intra-day top has been formed there and consolidation below this level is seen with mild downside bias for correction to 1.5400 and then 1.5370 (50% Fibonacci retracement of 1.5243-1.5498), however, reckon 1.5341 (61.8% Fibonacci retracement and[​IMG]

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