Forex Trading: GBPUSD moves higher but running into sellers

Forex Trading: GBPUSD moves higher but running into sellers

Published by InformedTrades
09-02-2008

Forex Trading: GBPUSD moves higher but running into sellers

Forex Trading: GBPUSD moves higher but running into sellers

The GBPUSD did in fact move higher off the lows on short covering/bottom pickers (SEE EARLIER POST FOR THE SETUP). The pair ran into initial resistance at the 1.7869 level, reaching a high of 1.7870 then 1.7872 before moving down to ...

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