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Hello traders welcome to a new trading day. I have looked at the charts and have to say most of the plans from yesterday just did not work and had dollar weakness across the field. So most of the charts are at resistance and let us see if we can get back with the trend. This does not look like an easy day today. We only have one high impact data release in London session today. So an all technical trading today.Ok so let us take a look at GBPUSD- This is the 30 Minute chart. I see we are bearish on this chart, so I looked at the daily and see it is bearish and also in a range. I am looking for price to pull up a notch and get to our entry price of 1.5230 and we can go short this entry. I am looking to take profit at support of the 200 ema at price of 1.5181This looks like a nice trade good to see this pair on the move as we sit at resistance now.

Thanks traders will talk with you soon …..William

FX Instructor Forex Blog – For Traders, By Traders

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