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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Aug 11, 2016.

  1. Lily

    Lily Forum Member

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    The British pound resumed recent decline earlier today and downside risk remains for recent selloff from 1.3372 to extend further weakness to 1.2920 and then 1.2900, however, loss of downward momentum should prevent sharp fall below 1.2870-75 and reckon 1.2850 would hold from here, bring another rebound later.[​IMG]

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