Blindfoldedmonkey: GBPUSD DAILY STRATEGY

Wednesday 28 August 2013

GBPUSD DAILY STRATEGY

Direction: short
Target: TP1 – 1,5423
Protection: SL – 1,5590
Our setup: 1,5550



Background: As we forcasted yesterday was a downside movement on Cable yesterday. We are expecting furthermore gains today, the sentiment is still bearish so we haven't change our setup still waiting for the target at 1,5423. At we illustrated yesterday the downturn extended at the Asian session. We are looking ahead int he European session testing the key resistance level today at 1,5423.

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