Monday, October 15, 2012

GBPUSD Short Trade

This is continuation to my previous post [here].





myfxvoyage.blogspot.com GBPUSD Daily Short
GBPUSD Daily
Price is getting rejected from horizontal support area and next support comes in at 1.5985 area. A break of that exposes 100MA and 200MA and the rising trendline. This rising trendline has supported price since second week of July-12. 

I opened my short at 1.6075 and my position is in money now.

Fundamentally also GBP loos bearish as recent developments suggests. Details [here].





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