| The GBPUSD price action was more about what it could not do.
Today GDP came out weaker than expectations at 0.3% vs 0.5% and the price moved lower. However, when the price could not extend below key support, traders shifted their bias back to the upside and ripped higher. Sometimes the market moves because what it cannot do, vs. what it should do. Be aware for these reversal moves. They may not make you money, but they often can save you money by getting you out of a trade that is simply not dong what you expected it to do.. SUBSCRIBE TO OUR EMAIL LIST! http://forexlive.us7.list-manage.com/… LET’S CONNECT! Google+ ► https://plus.google.com/1026488501294… Facebook ► http://facebook.com/forexlive Twitter ► https://twitter.com/ForexLive Linkedin ► https://www.linkedin.com/company/fore… High Risk Warning: All news, opinions, research, data, or other information contained within this presentation are provided as general market commentary and do not constitute investment advice. ForexLive expressly disclaims any liability for any lost principal or profits without limitation which may arise directly or indirectly from the use of or reliance on such information. I created this video with the YouTube Video Editor (http://www.youtube.com/editor) |
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