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Trade Idea Wrap-up: GBP/USD - Sell at 1.4520 or buy at 1.4340

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 2, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As the British pound has recovered after falling to 1.4386 yesterday, suggesting consolidation above this level would be seen and recovery to resistance at 1.4508 cannot be ruled out, however, reckon 1.4520 (50% Fibonacci retracement of 1.4654-1.4386) would limit upside and bring another decline later to 1.4370-75[​IMG]

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