Posts Tagged ‘GBP/USD’

Action Insight-Forex Analysis – Trade Idea: GBP/USD – Stand aside

Friday, January 22nd, 2010

The British pound finally broke below the Ichimoku cloud bottom, confirming the rise from 1.5832 has ended at 1.6459 and stronger correction towards 1.6063 would be seen, however, loss of near term downward momentum would be limited to 1.6000 and reckon 1.5949 (100% projection of 1.6459 to 1.6123 measuring from… Read more… Technorati Tags: below, [...]

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

Monday, January 18th, 2010

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… Read more… Technorati Tags: Analysis, [...]

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