GBP/USD 4-Hour Chart Lower Highs Making Case for Bears
Originally Posted by STORMTROOPER
GBP/USD very buoyant since the low from earlier today.
Price action currently approaching overbought reading (RSI) on the hourlies and I'm watching to see if there is a possible short trade on a test of yesterdays high @ 1.55800
Hello Stormtrooper, I am short GBP/USD . I might have gotten in a bit early. Are your short?
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GBP/USD very buoyant since the low from earlier today.
Price action currently approaching overbought reading (RSI) on the hourlies and I'm watching to see if there is a possible short trade on a test of yesterdays high @ 1.55800
Hoping for another test of 1.55800+ to initiate a fresh short.
Currently long from 1.55250 and will exit @ 1.55750
London session review and outlook June 12- 2012
Review of markets covered in today's edition of Bulls vs. Bears: EUR/USD, GBP/USD, AUD/USD, FTSE100, S&P500, Gold, Brent Crude and WTI.
Regards
Alejandro Zambrano
Currency Strategist | DailyFX Forum (London) azambrano@fxcm.com
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