Tuesday, August 18, 2009

attempt light GBPUSD shorts

After USD was sold across the board, majors started their retreat from the highs. All majors except for GBP broke below their 10 ema and are about to break below their 30 ema on 5m charts. GBP is still bid but considering how much it moved over the past couple of hours light shorts might be a good play as GBP will probably play a catch up.

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