News Column

GBP/USD Does Not Follow Through On Outside Day Reversal

January 28, 2014

Jamie Saettele, CMT

Daily Automate trades with Mirror Trader and see ideas on other USD crosses -The January 2nd outside day reversal (first trading day of the year) is negated and GBPUSD carved out another one on Friday. What we are left with is a series of traps since 1/17 (bull and bear). 1.6400 remains an objective dividing line for direction. -The bigger picture breakout objective is 1.6897. LEVELS: 1.6399 1.6457 1.6500 | 1.6628 1.6667 1.6746 --Trading specifics (setups with entries, stops, targets) are availableto J.S. Trade Desk members .


For more stories on investments and markets, please see HispanicBusiness' Finance Channel



Source: DailyFx


Story Tools