Action Insight-Forex Analysis – Trade Idea: GBP/USD – Buy at 1.6180

As the British pound has retreated after intra0day rise to 1.6357, suggesting minor consolidation below there would take place and correction to the Kijun-Sen (now at 1.6209) is likely, however, reckon 1.6180 (approx. 38.2% Fibonacci retracement of 1.5896 to 1.6357) would attract renewed buying interest and bring another rally. Above…
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This entry was posted on Friday, January 15th, 2010 at 6:02 pm and is filed under Forex Trading News. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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