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Gbp/Usd tests 38.2% retracement and gives some back

Written November 27, 2009 at 5:48 AM EST by Vincent Facchino 

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Gbp/Usd just tested the 38.2% Fibo of move from 1.6745 down to 1.6267. The pair ran up to 1,6445 and has since given back 25 points. The pair will probably make another run up. It will be interesting to see if we can hold for a 2nd time. Otherwise a pullback to the 1.6385-90 level is likely.

vincent_fx000043

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