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- zjedli replied Jan 27, 2015
YES I like 134 level too, but be very aware of possible short trap due to massively beaten down chart.
- zjedli replied Jan 27, 2015
The sharp fall of GBP/USD was short lived as sterling returns back to the previous consolidation area between previous support of $1.5000 and resistance at $1.52. On the longer timeframe on weekly charts, possible support could be found at $1.4800, ...
- zjedli replied Jan 27, 2015
Support for intraday traders could be found at the $1.11 area which was tested previously on Friday and Monday morning. Resistance is seen at $1.13. The gap down opening on the currency cross is very likely a so called exhaustion gap which will ...
- zjedli replied Jan 26, 2015
I will be very caution to shorting the mild spikes here..... (my outlook is medium term not intraday). Be very glad to see some intraday parabolic price action towards $1.14, $1.15 to short some for a short while, because this gap down after a huge ...
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