Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on March 07, 2011, 05:04:27 pm
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Trade Idea Wrap-up: GBP/USD ? Stand aside
<p>Despite intra-day bounce to 1.6342, the subsequent stronger-than-expected retreat after faltering below previous resistance at 1.6344 suggests further consolidation below this last week?s high would take place and test of previous support at 1.6216 is likely, break would bring retracement of recent upmove to 1.6185-90 (50% Fibonacci retracement of 1.6030<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/o95GB_DiPyE" height="1" width="1"/>
Source: Trade Idea Wrap-up: GBP/USD ? Stand aside (http://feeds.actionforex.com/~r/CandlesticksIntradayTrades/~3/o95GB_DiPyE/)