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

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