Action Insight-Forex Analysis – Trade Idea: GBP/USD – Buy at 1.6210

Despite intra-day resumption of the rise from 1.5832, lack of follow

through buying and the retreat from 1.6380 suggest minor consolidation would take place and break of the Tenkan-Sen (now at 1.6295) would bring correction to the Kijun-Sen (now at 1.6248), however, 1.6211-18 (previous support and 38.2% Fibonacci retracement of…
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This entry was posted on Monday, January 18th, 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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