Thursday, May 28, 2015

British Pound (update)

We are seeing continued weakness today in the British Pound.  We are now trading near the lows of the buy zone and we'd like to see this area serve as support.  If we traded this pattern aggressively, then we'd currently be long.  If we wanted to be more conservative, then we'd still be waiting for entry above yesterday's high OR waiting for a candle pattern to form in this buy zone area.


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