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Trade Idea Wrap-up: GBP/USD - Hold long entered at 1.4410

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, May 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As cable has rebounded after finding renewed buying interest at 1.4395, retaining our view that further consolidation above this week's low at 1.4375 would be seen with mild upside bias for retracement of recent decline towards 1.4525-30 (38.2% Fibonacci retracement of 1.4770-1.4375), however, reckon previous resistance at 1.4545 would limit[​IMG]

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