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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Mar 30, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
    Likes Received:
    Although the British pound edged higher to 1.4459, as price has retreated from there, suggesting consolidation below this level would be seen and pullback to 1.4355-60 (38.2% Fibonacci retracement of 1.4195-1.4459) cannot be ruled out, however, reckon 1.4327 (50% Fibonacci retracement) would limit downside[​IMG]

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