Action Insight-Forex Analysis – Trade Idea: GBP/USD – Sell at 1.5915

The British pound tumbled after breaking indicated support at 1.5832-50 on broad-based selloff in sterling (by UK, US, Japanese and Swiss names together with model funds) and further weakness towards chart support at 1.5708 is now in progress, however, oversold condition should limit downside to 1.5643-59 (100% projection of 1.6277…
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This entry was posted on Thursday, February 4th, 2010 at 6:07 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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