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

Discussion in 'Forex Trading Signals & Forecasts' started by Lily, Sep 23, 2016.

  1. Lily

    Lily Forum Member

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    As cable has dropped again in NY morning and broke below support at 1.2946, suggesting recent decline from 1.3445 is still in progress and may extend weakness to 1.2900 (1.236 times projection of 1.3445-1.3138 measuring from 1.3279), however, near term oversold condition should prevent sharp fall below[​IMG]

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