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GBPUSD 60 Minute Chart Analysis
Hello traders wow what a move on this currency pair yesterday, I am suspecting that it was due to fundamentals from Greece crisis. The picture for the trade today has definitely changed OK let us take a look at the GBPUSD- This is the 1 hour chart.This pair has made a huge move to the upside yesterday as you can see on the chart. If you look at the daily chart you will see it was a bounce off the 200 ema. So today what are we to do I am looking for a pullback to support and the daily pivot. At that time I will look to enter with a bullish candle formation at price level 1.5586. We will take this to resistance at price level 1.5630 for our take profit today. This is a nice 50 pip trade if price action works for us. Today we have a full day of data so please be alert to that all day in all three sessions. Traders talk soon ….. William
Source: http://www.fxinstructor.com/blog/gbpusd-60-minute-chart-analysis-13
