Thursday, June 12, 2008

Support holding @ 1.945 (GBP/USD) but...


...doesn't look like it will for much longer. It's been tested four times on the 15 minute (more clearly shown on the 5 min) chart and it looks like this thing is going to fall through to at least 1.94.


I will not trade this as I see it as a much higher risk setup, especially when going into the weekend.


The chart shows the contact points with the 1.945 line...let's watch this thing fall through.


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