GBPUSD Analysis:
It seemed that concerns over Europe debts was gone.
The market move up, DOw and the rest was up.
It a big move yesterday, the pound swing from a high of 1.548 to 1.538, then back to 1.548, now it has move down near 1.540. GBPUSD has been undecisive.
From the daily chart, price continue to squeeze.. It has not break out of 1.55 and 1.53 range.
Do a wait an see, today is Friday. Wait for a break out.
But if you were to trade, trade cautiously and buy at near 1.538 and sell at near 1.548. Be patient.
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