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Trade Idea Wrap-up: GBP/USD - Sell at 1.4490

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 12, 2016.

  1. Lily

    Lily Forum Member

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    Cable has resumed recent downtrend and decline has accelerated after breaking support at 1.4495, suggesting recent selloff in still in progress and may extend weakness to 1.4350, however, near term oversold condition should prevent sharp fall below 1.4320-25 and reckon 1.4300 would hold from here, risk from there is seen[​IMG]

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