Wednesday, March 13, 2013

GBPJPY Price Action: Inside Pin Bar Couples the Fakey with Pin Trade Setup 14/03/2013

The pair moved slightly higher today but price is still contained within that of yesterday's (inside bar). The fact that the inside bar is a pin bar offers us more reason to stay bullish on this pair.

My Recommendation: Stay bullish but watch-out for any failed attempt at breaking resistance

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