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| | |-+  Trade Idea Wrap-up: GBP/USD ? Sell at 1.6260
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Author Topic: Trade Idea Wrap-up: GBP/USD ? Sell at 1.6260  (Read 1986 times)
pranjali
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« on: March 08, 2011, 05:07:46 pm »

Trade Idea Wrap-up: GBP/USD ? Sell at 1.6260

<p>Despite intra-day brief fall to 1.6125, as the British pound has rebounded from there in part due to short-covering, suggesting consolidation above this level would take place and retracement towards the Kijun-Sen (now at 1.6198) is likely, however, upside should be limited to 1.6255/60 (61.8% Fibonacci retracement of 1.6342 to<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/Ca-xokvzjZ8" height="1" width="1"/>

Source: Trade Idea Wrap-up: GBP/USD ? Sell at 1.6260
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