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| | |-+  Trade Idea Wrap-up: GBP/USD ? Buy at 1.6215
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Author Topic: Trade Idea Wrap-up: GBP/USD ? Buy at 1.6215  (Read 1883 times)
pranjali
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« on: March 01, 2011, 05:03:57 pm »

Trade Idea Wrap-up: GBP/USD ? Buy at 1.6215

<p>Failure to extend intra-day rebound from 1.6253 and current retreat has retained our view that further consolidation below intra-day high at 1.6330 would take place and consolidation with mild downside bias remains for retracement of recent upmove to 1.6215 (38.2% Fibonacci retracement of 1.6030 to 1.6330) but renewed buying interest<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/_4ysMXYRl58" height="1" width="1"/>

Source: Trade Idea Wrap-up: GBP/USD ? Buy at 1.6215
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