Action Insight-Forex Analysis – Trade Idea: GBP/USD – Buy at 1.6210
Monday, January 18th, 2010Despite 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, [...]
