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British Pound against Franc: Chance to Buy the Dip

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02-16-08, 01:51 AM

ActionForex.com ActionForex.com is offline

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British Pound against Franc: Chance to Buy the Dip

We wrote yesterday that “we subjectively favor a larger rally but probably not before a dip into the 2.1476/2.1546 zone (Fibonacci zone).” The GBPCHF decline extended further than we thought it would but may have formed an important low at 2.1356. This is a good chance to trade bullish against...

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