Tuesday 23 April 2013

GBP will decide soon

My favorite currency pair for trendlines is GBPUSD and it will decide soon what to do in the next couple of weeks. It bounced back from the red support channel on the 3rd touch. The 4th touch with this pair is usually the break point. The prices are bound in a tight range in the last two weeks but this will soon change one way or another and I think the breaking of the blue channel will tell us the direction. Hope it helps.

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