GBPUSD Forecast and Trade Setup at Support and Pivots - 5th Feb, 2014

GBPUSD Forecast and Trade Setup at Support and Pivots - 5th Feb, 2014

Daily Chart

Hourly Chart

We have important BOE Rate decision on Thursday, So its not a trade for the faint hearted. So if its good news, then its good for our long trade. Never the less, i have jump the gun as technically its at a major support area although we are performing lower lows on a daily. At least we could get some sort of retrace if it were to break this support.

Trade safe guys!

Outlook Trade opportunity

See Hourly chart

Risk Level LOW

Tips -

Always take note of any economical news event on our provided calender below