Trading Blog - DanielDailyFX.com by Daniel Sim

Daily Forex Trade Signal: GBP/USD 10th November

Posted on 10. Nov, 2009 by Daniel in Daily Forex Signal Forecast

Good morning fellow traders,

Yesterday due to “cheap money” causes the US dollar to weaken against major currencies. Traders who long into GBP/USD have a great ride as the pound rose over 1.6800 easily profited 50 - 100 pips.

Trading idea

If GBP/USD trade below the lower trend 1.6785 and below opening price trader can consider Short it.

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