Posted by: joetradingplace | April 10, 2015

GBPUSD looks interesting

Keep an eye on cable, price has broken the low of the year, sellers haven’t been aggressive to drive price lower, watch out for false breakout and if it is, it will be a quick move up, price has visited these lows before and the reaction was a quick 500 pip move up…Next week will be interesting on this pair..another pair to keep an eye on is eurcad, which has also broken years low, but there seem to be a follow through by sellers, time will tell.

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