$GBPUSD- Breaks out!

Currently we are at 1.5826 after breaking out of  the downtrend.   We are  sitting on the R3 resistance. If we get follow through the target area up is the R4 .500 Fibo @ 1.5900-5926 area.  The current average daily trading range (ATR) is 100 pips.

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Tags: Best, Charting, Forex, GBPUSD, Signals, Software, Strategies, System, Trading, Training, More…forex

Comment by Forex Pro on January 31, 2013 at 2:26pm

It was rejection at 1.5830 and now falling down..I am looking to buy it from 1.5765 ir 1.5750 with price rejection ...Thanks for your analysis 

Comment by Scott Barkley on January 31, 2013 at 5:16pm

Looks like it may make it  THANKS!!

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