GBP/USD Could Be Setting Up For Long Position

August 3rd, 2013
in contributors, forex

by Mike Ber, Forex Alerts

We’re seeing an opportunity in the GBPUSD for a potential short term long trade as this pair attempts to find a bottom after struggling for so many years since the 2008 collapse.


Follow up:

The 1.47624 level appears to be strong support and Friday’s strength could be an opportunity for us to try a tester position and see if it can develop into something bigger.

We’re watching the 1.52425 – 1. 52088 as a buy level and will sending out an alert to subscribers when it gets down there if we like the action in how it pulls back.


Editor's note: This note is from . Their recently launched service has been profitable every month since inception. Here are their trading results.

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