Price momentum still showing bearish tends, my daily pivot system either. However, the latest double bottom (1.9362) make me doubt a bit. There could be a trend change and if it is, I expect gbp/usd price will go north breaking 1.9447 till -probably- 1.9502 (previous resistance). The latest scenario could probably happen as an impact [...]
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(ganes):To help you with the system, you can read: http://www.pipholic.com/free-forex-signals/ http://www.pipholic.com/trading-the-gbp-usd-daily-pivot-pipholic-way.html http://www.pipholic.com/pipholic-gbp-usd-daily-pivot-trading.html You need to use 1 hour timeframe...