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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 29, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Although the British pound has risen again after finding renewed buying interest at 1.4195 and marginal gain to 1.4310-15 is likely, reckon upside would be limited to 1.4340 (61.8% Fibonacci retracement of 1.4515-1.4057) loss of near term upward momentum should prevent sharp move beyond 1.4370 and price should falter below resistance at 1.4398.[​IMG]

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