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Friday, November 08, 2013

GBPUSD Trading Idea 08.11.2013



GBPUSD is consolidating between 1.6063 and 1.6118 today. The trend is bullish since the pair found a good support at the 200-SMA as you can point out at the attached chart. The basic idea for today is to take 2 long positions. The first position near 1.6060 and the second position above 1.6120. Both stop losses at 15 pips and take profits at 40 pips.

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