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Trade Idea: GBP/USD - Sell at 1.6470 - forex fx daily current outlook

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Old 07-03-2009, 05:14 PM
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Default Trade Idea: GBP/USD - Sell at 1.6470

Despite intra-day brief bounce to 1.6432, the British pound met renewed selling interest right at the Ichimoku cloud top and fell again in London session to as low as 1.6301. Whilst we still expect sterling’s decline from 1.6745 top to extend to 1.6274 (50% Fibonacci retracement of 1.5803 to 1.6745),...

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