Wednesday, June 19, 2013

GBPUSD Price Action: GBPUSD frets around Support Zone, June 19, 2013.

On June 11, 2013, I drew our attention to the break of an inside bar trade setup on the Cable and price had been on a buoyant mood until yesterday when it lost ground, dropping again into the zone from where the previous inside bar formed. Expectations are for a bounce to occur at about this Support Zone, however, a break would change the entire complexion of the pair.

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