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Hello traders good to be with you as we are at Friday and we have a busy trading day ahead, and looking for the weekend break. First just a note Oil has come back above the 43.00$ P/B so we will watch that today.

OK today we take a look at the GBPUSD and I have to say my bias is bearish and I am just waiting for a good price to enter this trade. Price is now sitting at the daily pivot point and I am looking for a pullback to the price level of 1.2995 and a bearish candle formation with conformation and I will enter a short position. I would have no issue with keeping this trade over the weekend as there is no events. I am looking to take profit at the support zone of 1.2941 for a nice trade.

Thank you traders and we will talk soon…….William

FX Instructor Forex Blog – For Traders, By Traders

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