Friday, November 13, 2009

Asia Session

Hidden Divergence is seen in GBP/USD daily chart suggesting this pair might reverse back. It also nearly hit the oversold area at 20 (Stoch).

Yesterday candle is a spinning top, suggesting that market is indecisive.

This morning in Asia Session, this pair is top of Pivot Point also suggesting that this pair might reverse back. The next resistance is at 1.6616. The price action also breakout the major trendline.

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