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 - 11:31am in

GBPUSD

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.

Greg Michalowski's blog
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