Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on March 08, 2011, 05:07:46 pm
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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 (http://feeds.actionforex.com/~r/CandlesticksIntradayTrades/~3/Ca-xokvzjZ8/)