Wednesday, April 17, 2013

GBPUSD Price Action: Closing Price Reversal Trade Setup, April 17, 2013.

 GBPUSD has broken support at around 1.5260 after a failed attempt to target higher prices. If this break is sustained, price will attempt to reach lower prices. Hidden support is still at about 1.5030.

My Recommendation: I would support shorting this pair if we can get lower prices before the London Session.

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