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

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

  1. Lily

    Lily Forum Member

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    Cable has risen again after brief retreat to 1.4577, suggesting recent erratic rise from 1.3836 low is still in progress and may extend further gain to 1.4680-85 (100% projection of 1.3836-1.4515 measuring from 1.4005), however, loss of upward momentum should limit upside to 1.4700-10 and reckon 1.4740-50 would hold, risk[​IMG]

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