Missed Trade - March 10, 2010

Published on Wednesday March 10th, 2010 at 09:00PM by ronacoba

I missed a simple technical trade on the GBPUSD pair. As you can see from the chart above, the pair rose back to test the resistance at 1.5000 after falling to a low of 1.4936. Notice how 1.500 was an area of interest in the past. The pair then fell soon after reaching the mentioned level.The 0.9% unexpected slide in the UK's manufacturing production did not help at all as it just added more selling pressure on the Pound.

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