Action Insight-Forex Analysis – Trade Idea: GBP/USD – Buy at 1.6195 O.C.O. Sell at 1.6400

Intra-day euro-led decline adds credence to our view that recent

upmove has formed a top at 1.6459 and consolidation with mild downside bias remains for retracement of recent upmove to 1.6208-11 (50% Fibonacci retracement and previous support), however, support at 1.6194 (previous resistance turned support) should attract renewed buying interest,…
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This entry was posted on Wednesday, January 20th, 2010 at 6:00 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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