Sunday, August 11, 2013

GBPUSD Price Action: Against Market Open August 11, 2013. Inside Bar Price Action Trade Setup

 GBPUSD looks set to rotate lower after the very bullish breakout candle on Wednesday. We should see or thereabout, a 50% retracement of that candle which could take the pair into the 1.5400 Psychological Support/8ema, and horizontal support level, where we expect the bulls to jump back in on the pair. A Price Action Buy Setup would confirm the expected bullish run at about that zone.

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