gold-forex
11-13-2009, 04:57 AM
As the British pound rebounded after falling to 1.6515 yesterday, gain to the Kijun-Sen (now at 1.6680) cannot be ruled out, however, reckon renewed selling interest would emerge around 1.6718 (61.8% Fibonacci retracement of 1.6844 to 1.6515) and bring another decline later. Below said support would bring a stronger retracement...
More... (http://www.actionforex.com/action-insight/candlesticks-trades/trade-idea%3a-gbp%10usd-%11-sell-at-1.6715-20091113100537/)
More... (http://www.actionforex.com/action-insight/candlesticks-trades/trade-idea%3a-gbp%10usd-%11-sell-at-1.6715-20091113100537/)