Thursday, May 2, 2013

GBPUSD Price Action: Pin Bar Price Action Setup, moving lower. May 2, 2013

The Cable has shown reluctance to being sold off unlike it's Euro cousin, following the Pin Bar Price Action Setup discussed in yesterday's commentary. However, price remains around key resistance Zone, so we could still see some reasonable selloff by the end of the week. Supports are found as shown on the chart.

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