Trade Idea Update: GBP/USD – Stand aside

Although the British pound slipped in line with our expectation in our previous update and weakness towards 1.6010/20 cannot be ruled out, break of 1.5985 support is needed to signal the decline from 1.6300 top has resumed and bring retest of 1.5952, otherwise, further volatile price action would take place. More... ForexForums.com claims no responsibility for the accuracy of third party signals (vis-a-vie article poster) or other trade recommendations. Forexforums.com claims no ownership of the preceding information, please visit the authors of this content for more information.

Trade Idea Update: GBP/USD – Stand aside As the British pound has rebounded after falling to 1.6027, suggesting consolidation would take place and test of the Ichimoku cloud bottom (now at 1.6111) cannot be ruled out, however, reckon yesterday’s high at 1.6163 would limit upside and bring another decline later. More... ForexForums.com claims no responsibility for the accuracy of third party signals (vis-a-vie article poster) or other Trade recommendations. Forexforums.com claims no ownership of the preceding information, please visit the authors of this content for more information.

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