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ActionForex Reports - Trade Idea: GBP/USD - Buy At 1.6400, O.C.O Sell At 1.6600
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post Jul 23 2009, 04:27 PM
Post #1


Although the British pound has retreated after rising to 1.6587 yesterday and correction to the Kijun-Sen (now at 1.6449) is likely, price should stay well above the Ichimoku cloud top (now at 1.6357) and bring another rise later. Above 1.6587 resistance would extend the rise from 1.5983 to 1.6600/05 (50%...

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