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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 6, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    As cable has rebounded again after holding above intra-day support at 1.4352, retaining our view that further consolidation above this level would be seen and recovery to 1.4490-95 (38.2% Fibonacci retracement of 1.4725-1.4352) cannot be ruled out, however, reckon upside would be limited to 1.4535-40 (50% Fibonacci retracement) and price[​IMG]

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