Today the British pound came back to a new low 1.4830. This pair looks weak, against almost all currencies at the moment, so there is no reason to think that this market is going to take a different turn. Taking into account that it is already very oversold, we consider that it would be dangerous to sell this pair, or we should expect a bullish rebound to re-sell, or as noted in the chart below, you can place your order positions above the daily fractal of 1.4923, with a target to the next fractal 1.5268.
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For detail explanation and best discovery on market trends you may visit via GBP/USD - buy above fractal 1.4923 - for March 12, 2013 (daily strategy) . Thanks for your support on GBP/USD - buy above fractal 1.4923 - for March 12, 2013 (daily strategy)
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