Missed Trade - March 17, 2010

Published on Wednesday March 17th, 2010 at 09:40PM by ronacoba

The GBPUSD broke above the resistances at the 1.5200 handle and at last week's high at 1.5218. After breaking through them, the pair retraced for a bit to 'test' the previous resistances. the two levels that I mentioned then acted as supports to prevent the pair from falling. I could have bought some right there but I was not able to do so. Actually, if I was to buy it, I was going to do so at 1.5200 since I like putting my entries at round numbers. I would have missed it anyway sine the pair only dropped to 1.5210. Fundamentally, the change in the number of people claiming unemployment benefits surprisingly dropped by 32.3.

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