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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 10, 2016.

  1. Lily

    Lily Forum Member

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    Although intra-day breach of previous support at 1.4332-52 signals early erratic decline from 1.4770 has resumed and downside risk remains for further weakness to 1.4300, near term oversold condition should prevent sharp fall below 1.4265-70 and reckon 1.4240-50 would hold from here, bring rebound later.[​IMG]

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