Market watch – $GBPUSD 11-10 -2016

Every week a new trading opportunity !

On our market watch today is GBPUSD. The pair had a strong intra day bounce as $DXY did,  and it seems to be positively correlated with the USD and S&P 500. This could take the pair higher from a rectangle bottom.

Recommended trade size 0.10 unit (minimum lot), or adjusted to your risk profile and money management.

Preferred trading strategy   pending buy stop above today close with the SL at 1.2420.

Happy trading! (click on the chart to enlarge it)



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