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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Jun 21, 2016.

  1. Lily

    Lily Forum Member

    Aug 29, 2015
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    Although cable has retreated after intra-day brief breach of previous resistance at 1.4770 and consolidation below 1.4784 would be seen and pullback to 1.4635 is likely, however, reckon 1.4565-70 (38.2% Fibonacci retracement of 1.4222-1.4784) would limit downside, and the upper Kumo (now at 1.4539) should hold from here, bring another rise later.[​IMG]

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