Action price GBPUSD formed sell signals on 1 hr, 4 hours, and daily charts break after a fake Friday levels of Thursday. We discussed the sell signal 1 hr Member Forum and affixed a chart just before came downwards.
Figure 1 hr formed an inversion of the bar pin very large, this bar pin is very wide and well-defined and represents what should look like a bar of quality pin 1 hr. There was also a bar in pin 4 HR very nice that identified the refusal of highs on Thursday.
The daily chart GBPUSD formed a bar bearish pin counter-trend but that could influence the lowest prices, next week. we can see a level of support fairly obvious near 1.5750.
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Comment:
The u.s. dollar regained some ground lost Friday against all major with the exception of a small loss for Japanese yen.
Comments from the US Fed Chairman Ben Bernanke add support for investor expectations for more stimulus from the Central Bank, but the market has already priced in this stimulus awaited is still under discussion.
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