GBP/USD technical update
13 August 2009
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All I can say just now is we got a nice 250 pip rally from the 1.6395 level, and that more than makes up for some of the opportunity lost on the way down. Also observe how nicely the Pound was pushed back by over 50 pips from the 61.8% retracement level on the recovery. | |
This is the kind of GBP/USD setup I break down in detail in Module 9 (GBP/USD).