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Thursday, November 15, 2012

DAILY FX TRADING TIPS | GBPUSD INTRADAY UPDATE | PAIR HEADING DOWNWARD

GBPUSD : PAIR IS HEADING DOWNWARDS

The chart below shows that pair is heading downwards in a decent downward channel. We have an opinion that the pair will test the price of 1.5815 before it starts its journey to the upper trendline of the channel which is around 1.5865. 

gbgpusd heading downwards

So sell the pair around highs and book near 1.5815. or buy it near 1.5815 with small intraday target of 1.5860 and stop loss 1.5810.
bye for now.
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