Its the biggest range since June-26-2006 and now cable running near monthly trendline support and 50% fibo. Hope u all had some nice shorts today.
Have a Nice Weekend,
:-)
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Daily GBP/USD analysis with patterns recognition
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Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. It is highly recommended to maintain the use of leverage at normal levels. The client must always keep in mind that margin trading increases loss as well as profit, and equity can easily and quickly vanish in situations where the market prices exhibit strong volatility, potentially creating an adverse environment for the highly leveraged participant. The client shall be solely responsible for maintaining margin requirements of the existing positions as well as monitoring and ensuring sufficiency of the prepaid FX Trading Line amount displayed on his account.
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