Thursday, October 30, 2014

Trade Idea Wrap-up: GBP/USD - Sell at 1.6080

The British pound also recovered after intra-day brieef fall to 1.5951, suggesting minor consolidation would be seen and corrective bounce to 1.6032 (38.2% Fibonacci retracement of 1.6162-1.5951) and then 1.6056 -57 (50% Fibonacci retracement and current level of the Kijun-Sen) cannot be ruled out, however, reckon 1.6081-88 (61.8% Fibonacci retracement



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