July 1, 2010
GBP/USD Intraday Update And that is how fast things can develop in the forex markets. I just posted the hourly chart of the GBP/USD 90 minutes ago and rather than continue it correction, cable has continued to rally to new highs of the day at 1.5189. Here is an updated chart with Fibonacci lines redrawn. GBP/USD is bullish, no doubt about it. My strategy remains the same: wait for retracement and enter swing long position.

GBP/USD Intraday Update

And that is how fast things can develop in the forex markets. I just posted the hourly chart of the GBP/USD 90 minutes ago and rather than continue it correction, cable has continued to rally to new highs of the day at 1.5189.

Here is an updated chart with Fibonacci lines redrawn. GBP/USD is bullish, no doubt about it. My strategy remains the same: wait for retracement and enter swing long position.

1:48pm  |   URL: http://fmfx.tumblr.com/post/758852312/gbpusd-intraday-update
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FILED UNDER: GBPUSD hourly chart technical update 
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