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Sunday, April 24, 2011

Trend for 24th of April 2011


I wanted to write a very brief comment today about gbp/usd. It looks to me that the pair is willing to test the breakout level at 1.6420, which led to higher prices in the pair. It can still mean that the break was false, but I slightly doubt that. Anyway, there is some technical bearishness in the chart and if you still remember, that Mondays are usually days for correction. So, 1.6500 level is pretty serious on a daily level and it can be broken right after markets open after the weekend. 


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Trading financial markets carries a high level of risk, and may not be suitable for all investors. All information on the blog is of educational nature and cannot be considered as advice, recommendation or signals to trade in any financial markets.