Trade Idea Wrap-up: GBP/USD - Sell at 1.3160

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jul 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable rose briefly to 1.3291, renewed selling interest emerged there and sterling has dropped sharply from there, suggesting rebound from 1.3064 has ended there and below said support at 1.3064 would extend the fall from 1.3481 top (last week's high) to 1.3040, then 1.3000 but near term oversold condition should limit downside to[​IMG]

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