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Trade Idea: GBP/USD - Stand aside - forex fx daily current outlook

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Old 01-26-2010, 02:51 PM
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Join Date: Sep 2008
Posts: 11,435
Default Trade Idea: GBP/USD - Stand aside

Despite intra-day fall to 1.6093 after the release of UK GDP data, as sterling has recovered after finding demand from Middle East names ahead of 1.6077 support, suggesting further consolidation would be seen and recovery to the Kijun-Sen (now at 1.6195) cannot be ruled out, however, intra-day resistance at 1.6269...

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