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Trade Idea Wrap-up: GBP/USD - Sell at 1.5370

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Oct 27, 2015.

  1. Lily

    Lily Forum Member

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    As the British pound has fallen again after meeting renewed selling interest at 1.5382, suggesting the decline from 1.5510 top is still in progress and may extend weakness to 1.5280 (50% projection of 1.5510-1.5305 measuring from 1.5382), then 1.5260-65 (61.8% Fibonacci retracement of 1.5107-1.5510), however, oversold condition should limit downside[​IMG]

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