Saturday, August 30, 2014

FX Reversals: GBPUSD Tests Resistance on News

Have a look at all the latest financial information, paying unique attention the information related to whatever currencies you are involved in. The speculation that drives costs up and down on the currency exchanges has the tendency to grow out of breaking information developments. If you have an email or text alert service they can keep you updated on information.

The GBPUSD attempted to break higher this morning on the release of the Bank of England meeting minutes . However even with the news of two board members supporting rate hikes, price failed to breakout and trade beyond the R4 camarilla pivot at 1.6680. At the current time, price has reversed back inside...FX Reversals: GBPUSD Tests Resistance on News

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Additional resource on Pivot points trading

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