Friday, July 22, 2011
Hourly Forex Trading Strategy #GBP - Pending 1.64 test.
Minor 1.6260-1.6360 is consistent with short term uptrend to attempt but we suspect fail the 1.6400 peak. Use a rally of this magnitude or a direct loss of 1.6175 and more importantly 1.6150 to offer a fatal attraction with the 1.5935 base. Only a push through 1.6510 would negate the bearish impact of the larger expanding wedge pattern as outlined on the Daily Perspective. (Ref:
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