Monday, February 04, 2013

GBP / USD UPDATE: 04.02.13 04:44HRS

Cable:

Price has found a little support over the Asian session at around 1.5700.

I am looking for Price to break the swing low at 1.5670 before making the move to my 5% target.

There is a chance that price may pull back a little first.

My stop remains at 1.5770

Chart below:

 
I will update again later this Afternoon / Evening or if a new strategy trade is identified
 
Have a good day
 
Regards
 
 

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