Wednesday, October 30, 2013

GBPUSD 131030

ADP, CPI, FOMC day today.

GBPUSD  on the H4 is looking that it might run up higher to retest the 32.8 - 61.8 level. Highs from 1.6250 is looking to be setting up for a possible double top. 200 KAMA on the H4 is coming near 38.2 retracement.
End of month + FOMC makes it tough trading conditions. I will wait for the levels and candlesticks reversals before trading.

I am also not feeling well these few weeks, best to stay out till feeling more adequate

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