Trade Idea Wrap-up: GBP/USD - Stand aside

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Dec 28, 2015.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although cable has retreated after rebounding to 1.4975 late last week and consolidation with mild downside bias is seen for weakness to 1.4870, a firm break below 1.4850 is needed to signal the rebound from last week's low of 1.4805 has ended, bring further weakness to 1.4820-25, then retest of said support at 1.4805.[​IMG]

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