That's the monthly doji wick hit at 35 . So just dragged all the pp down now .and let's see what happens around here . . Problem for longs if if that doji bottom on the day chart acts as resistance ... other possible look is another long tail doji !!!
Anyone catch that trend line bounce from my last post? I got a buy in at 1.2829.
Yes one had to have a go but at 35 as posted before it could be the monthly support could be . I cashed in all my short trades . But watch the area I mentioned it could now become resistance. So it's a possibles hedge area to . Regards E
GBP USD has been falling for a long time, now there should be an upward correction. Stochastic below 20.RSI touched the level of 30. The price ran far down from Tenkan. I think you can buy with a target of 1.3000.