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Trade Idea Wrap-up: GBP/USD - Sell at 1.2870

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 4, 2016.

  1. Lily

    Lily Forum Member

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    As cable has remained under pressure after breaking below recent low at 1.2795, adding credence to our view that medium term downtrend has resumed and bearishness remains for further decline to 1.2700, however, loss of downward momentum should prevent sharp fall below 1.2670 and reckon 1.2640-50 would hold on first[​IMG]

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