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Gbp/Usd Bounced from 1.6111 Support

Discussion in 'Technical Analysis' started by ActionForex.com, Sep 22, 2009.

  1. ActionForex.com

    ActionForex.com Content Contributor

    Dec 24, 2007
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    Cable was threatening the 1.6111 lows right now, as the dollar was stronger across the board at the start of the week. As such, traders should be looking for a more complex wave IV correction, where a break of 1.6111 will put the wave C) into play. This break may...

    complete article here...

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