21 January 2010

GBP/USD : Stay Out

  • Have been much involved in cable for months now, with mixed results.
  • This is a reminder to self to avoid this for now.
  • Monthly is unclear.
  • Weekly looks like forming a big range. Until we break down 1.5705, would assume that chart could end up looking much like the EUR/JPY.
  • Conditions not right for trend trading.
  • Apologies for another "nothing" post.

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