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GBPUSD 60 Minute Chart
Monday, March 2, 2015 1:25
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GBPUSD- This is the 1 hour chart. Traders the daily chart has made the move to break resistance and for one day and now has been rejected at that price level again. This is a tough chart to read as there is really no trend and we are now in a 60 pip range to work with. The other issue is that we have the 200 ema in the middle of the range that we have to deal with. My look on this is we wait until this either gets to support and we long this or it goes to resistance and we short this back down. I rather be shorting this pair from the daily bias.
Source: http://www.fxinstructor.com/blog/gbpusd-60-minute-chart-4
