Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on March 09, 2011, 05:32:04 pm
-
Trade Idea Wrap-up: GBP/USD ? Stand aside
<p>Despite intra-day retreat from 1.6244 to 1.6166, as the British pound has rebounded again, suggesting further consolidation would take place and break of said resistance would bring another bounce to 1.6259 (61.8% Fibonacci retracement of 1.6342 to 1.6125) and possibly towards 1.6285/90, however, price should falter below strong resistance area<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/QxG6kkSgFG4" height="1" width="1"/>
Source: Trade Idea Wrap-up: GBP/USD ? Stand aside (http://feeds.actionforex.com/~r/CandlesticksIntradayTrades/~3/QxG6kkSgFG4/)