Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on March 13, 2011, 11:06:01 am
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Trade Idea Update: GBP/USD ? Sell at 1.6080 or buy at 1.5970
<p>Although current breach of previous support at 1.6030 signals recent upmove has indeed formed a top at 1.6344 last week and the fall from there may extend weakness towards 1.5962/63 (38.2% Fibonacci retracement of 1.5345-1.6344 and previous support), however, loss of near term downward momentum should limit downside to 1.5953<img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/g46ONuJKZ44" height="1" width="1"/>
Source: Trade Idea Update: GBP/USD ? Sell at 1.6080 or buy at 1.5970 (http://feeds.actionforex.com/~r/CandlesticksIntradayTrades/~3/g46ONuJKZ44/)