Tuesday, January 14, 2014

GBP / USD: Tuesday 14th January 2014. 09:45hrs

GBP / USD:

Price has retraced as expected and picked up both orders at 1.6430 and 1.6410.

Following the inflation report price has made a move down allowing the stops to be moved to break even.

Chart below:

 


I have limit orders as previously discussed to scale out profits.

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