Action Insight-Forex Analysis – Trade Idea: GBP/USD – Sell at 1.6060

As the British pound has remained sidelined after falling to 1.5850 yesterday, retaining our view that further consolidation above this support would take place and retracement to 1.6013 (38.2% Fibonacci retracement of 1.6277 to 1.5850) is likely, however, upside should be limited and renewed selling interest should emerge around 1.6063/64…
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This entry was posted on Tuesday, February 2nd, 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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