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Trade Idea Wrap-up: GBP/USD - Sell at 1.4640

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 11, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable has retreated after meeting resistance at 1.4605, break of said support at 1.4495 is needed to signal recent decline has once again resumed and extend weakness to 1.4470 (61.8% projection of 1.4816-1.4533 measuring from 1.4645), however, loss of momentum should prevent sharp fall below 1.4440-50. If said support[​IMG]

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