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Past performance is not a guarantee of future results. Please remember that technical analysis is only a tool for trading and even targeted analysis is no guarantee of profits. Forex trading carries a substantial risk of loss and only discretionary capital should be used in trading.

Forex Trading: GBPUSD intraday update...

Posted by Greg Michalowski on Tue, 05/13/2008 - 10:31am in

 

One minute the market is back above 1.9460, the next below the intraday low of 1.9425.  Then back up to test the 1.9460. 

The herky jerky movement suggests a neutral market ahead.  Traders are being whipped around and with that action, it is time to move to sidelines for a more friendly trading range to continue. 

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