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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jan 22, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    The British pound has surged again after brief pullback and broke above indicated level at 1.4340-43 (previous resistance and 50% Fibonacci retracement of 1.4605-1.4080), adding credence to our view that a temporary low has been formed at 1.4080, hence upside risk remains for this move to bring a stronger correction[​IMG]

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