Written by Ross Mullins
Tuesday, July 20th, 2010
Trade posted to TAP at 9:50am ET sell GBPUSD at 1.5205. This pair has been responding well to the Fib retracement levels on the 4 hour chart. Now under the .50 of the most recent uptrend from July 12. Historical resistance and support lined up at 1.5200. Looking for a bounce back down from here possibly targeting 1.5140′s where the .382 Fib is located.
