GBPUSD Moves Higher off Pin Bars

Posted by on Feb 14, 2013

Chart in Focus: GBPUSD Daily chart The GBPUSD counter-trend pin bar setups that we discussed in yesterday's commentary have seen price move significantly higher today, into the 8 / 21 day EMA resistance layer. We see key resistance coming in near 1.5640 and this would be a good level to watch for price action sell signals forming near.
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