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Hello traders good to be back with you on this Thursday as we have a packed full data day today untill NY session and then no more data. GDP from JPY had good numbers in Asia and we habe EUR interest rate today with ECB President rate statement at London lunch. We are looking at this pair as the upmove was all data driven and this to me was a fake out and I am expecting this pair to continue the trend bearish. We are at resistance and just waiting for a bearish candle formation so we can enter this sell trade. I am looking at the price level of 0.7475 to enter. I am looking to take profit at the support of the 200 ema at the price zone of 0.7365. The trade yesterday on the GBPUSD worked very well and made all the levels…..

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

FX Instructor Forex Blog – For Traders, By Traders

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