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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 23, 2016.

  1. Lily

    Lily Forum Member

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    The British pound has continued heading south after this week's selloff, suggesting downside risk remains for the decline from 1.4515 top to extend weakness to 1.4095-97 (61.8% Fibonacci retracement of 1.3836-1.4515 and 2 times extension of 1.4515-1.4365 measuring from 1.4398), however, oversold condition should limit downside to[​IMG]

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