Friday, June 15, 2012

Gbp/Usd 5 day Daily Range

This week broke out of the 96 pip range our Cable trade has averaged in and saw some serious gains on Friday at around 255 pips just head of the Greece Elections creating some serious volatility in the market with mixed fears about what may happen in the Euro zone.

Our pair averaged this week at 131 pips for the range and should stay in this range going into next week unless we see some serious fall out with the Euro over Greece Elections and could see 2008 market sell offs and allot fear in the markets.   Much is still yet to be seen but still with much movement in the market this creates allot of opportunity to make some extra pips and bring in some extra cash.
Have a great trading week and be smart with your trades!

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