I am watching with earnest the GBPUSD pair. Today, the USD made strong moves, but the GBPUSD did nothing. What is going on here? http://www.ino.com/ even shows the USD up 0.5% for the day. I guess the strong move down on Friday still needs to be absorbed.
The chart above is an hourly chart and the pair still continues to stay above a trendline and as of 17:35 hours it is sitting on the trendline. A break below this line will signal an entry.
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