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Trade Idea Wrap-up: GBP/USD - Sell at 1.3990

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Feb 26, 2016.

  1. Lily

    Lily Forum Member

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    Although cable has retreated after intra-day bounce to 1.4043 and retest of this week's low at 1.3878 is likely, break there is needed to confirm recent downtrend has resumed and extend weakness to 1.3850, then towards 1.3800-10, however, near term oversold condition should prevent sharp fall below[​IMG]

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