Wednesday, March 13, 2013

GBPUSD Breaking Wedge GBPUSD Long trade
I am looking for a meaningful rebound in this pair and looks like its on cards now. 

The bounce from channel's lower trendline has broken a fallen wedge. Despite bad news out of UK, pair is finding buyers, might be its profit taking. But whatever we got the rebound that we were looking for. 

I am already long on this pair from past 2/3 sessions. Previous post [here]. 

On any pullbacks, the wedge trendline is expected to provide good support.

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