Tuesday, July 30, 2013

GBPUSD Price Action: Pivot Top/ Inside Bar Combo at Resistance. July 29, 2013

 GBPUSD still faces significant bearish rejection after price price closed Friday as an inside bar, following the previous Pivot Top Price Action Trade Setup discussed in my last Trade Commentary on the pair. Price could therefore, fall into its demand Zone, however, if the demand zone fails to hold price and we get a break instead, we would then be in for a change in trend.

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