Trade Idea Wrap-up: GBP/USD - Sell at 1.4735

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 5, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    As the British pound has fallen again after meeting renewed selling interest at 1.4728, suggesting recent decline is still in progress and may extend weakness to 1.4600-10, however, near term oversold condition should prevent sharp fall below previous chart support at 1.4566, risk from there is seen for a rebound[​IMG]

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