Friday, April 5, 2013

GBPUSD at Resistance 1.5255/60 GBPUSD Short
Yesterday's big spike stalled just short of the big resistance level around 1.5255/60

This is a big resistance level and price looks little over-brought. So I am expecting a pullback till the trendline before up move resume, if it have to.

I opened short at 1.5235. Stop is at daily close above the resistance level.


UPDATE: I closed this trade for 30pips loss. 

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