Forex Forum
Aeron News => Forex Market: News/ Trend/ Technical Analysis => Topic started by: pranjali on March 02, 2011, 11:03:57 pm
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Trade Idea Wrap-up: GBP/USD ? Buy at 1.6250
<p>Current breach of resistance at 1.6330 (yesterday?s high) confirms upmove has resumed and further gain to 1.6365/70 (50% projection of 1.6030-1.6330 measuring from 1.6216) would be seen, however, overbought condition should limit upside to 1.6400/05 (61.8% projection) and risk from there has increased for a minor correction later.</p><img src="http://feeds.feedburner.com/~r/CandlesticksIntradayTrades/~4/uYWnjvbDKZk" height="1" width="1"/>
Source: Trade Idea Wrap-up: GBP/USD ? Buy at 1.6250 (http://feeds.actionforex.com/~r/CandlesticksIntradayTrades/~3/uYWnjvbDKZk/)