GBP/USD Perfect 50% Retracement off NFP

Discussion in 'Forex' started by DannyBly1, Jun 6, 2008.

  1. Fib retracements can work particularly well in periods of increased volatility - such as we saw this morning with the Employment Report. The following is a classic example - GBP/USD retraces to 50% of the initial upmove after the numbers came out - entering long at the 50% level something of a 'gimme trade' IMO :cool: