Its now eying next resistance area around 1.6185 and channel's upper line. I am looking to add to my short position close to 1.62.
GBPUSD M30 Channel |
Update on 05-Oct-2012 post NFP:
Spike post NFP went above the resistance area but got rejected by channel's upper's trendline.
I added to my short position on that spike (aproxx at 1.6195 & 1.62)
Currently price is at resistance area (marked with red). If it breaks below it, then it should accelerate the down move.
GBPUSD M30 |
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