GBPUSD(updated) Outlook ~ free forex news trading ea
The Cable effectively traded between the Masterchart level 1.5300 and 1.6300 for most of 2012. The bullish run which began since June 2012 is technical still intact. The monthly candle has been consolidating between 1.6000 and 1.6300 for the last 4 months. The monthly candle needs to close out of this 300 pips range in order to determine the long-term direction. Based on the fundamentals the presure appear to be to the upside. However, the big players are capable of draging the pair back to 1.5300 to maintain the ping-pong game from between 1.5300-1.6300
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