Gbp/usd Mid morning Chart

Just a quick chart update prior to the release of GBP CBI Trends Total Orders in 10min –  Could be the excuse for a push down of the TL on the 30min if the 1.5975 area breaks with a hold below –

Yesterday may have marked a mid term reversal with the 1.6030 KEY to holding the bulls in place all day with tests several times through out  the morning and afternoon session – again KEY to the upside going into NY as stops are in and around the 1.6020,s – watch for price reaction around both these numbers for clues to mom0 and direction 1.6020 <> 1.5975  if there is a sizeable reaction to the news .

Advertisements

2 responses to “Gbp/usd Mid morning Chart

  1. Pingback: Daily Trading Recap GBP/USD – EUR/USD Indraday | Freshly Squeezed Pips

  2. Pingback: GBP/USD Fridays Close & Week Ahead | Freshly Squeezed Pips

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s