Wednesday, June 13, 2012

Possible flag breakout (2012-06-13 GBP analysis)
















Above is the 4-hour chart of the British Pounds (GBP=). It seems like its bearish trend has come to an end and the price is going to move upwards. However, this only happens when the break out is confirmed. So if the price closes above the flag at next candle, then we can confirm its bullish trend.

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