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Sunday, November 2, 2014

GBPUSD - Near Term Trend - Levels & Trading Strategy - 02 Nov 2014

GBPUSD Monthly Trend Remains - Firm Bearish 



Best sell level above 1.6008 (current resis) capped @ 1.6092 below 1.5924 target @ 1.5738 - 1.5654

Now @ 1.5992

Strategy

Risk Appetite Traders can take sell position @ 1.6008 & avg if get 1.6092 for target 1.5924 - 1.5738

Low risk appetite traders should wait for a rise above 1.6024 to 1.6092 to take sell position for target 1.5924



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