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| All articles tagged with GBPUSD technical analysis |
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| The Cable Analysis - 12 April 2012 |
Category :
Finance |
| Posted on : April 12, 2012, 12:01 am |
Author : Siv Vaidhyanathan |
| GBPUSD swings a big move between resistance and support and at an average produces 350 Pips gains and losses. On a daily basis, this currency pair has a tendency to swing around 80 to 100 pips. Therefore, it is considered that the trader gives sufficient room for the price action to swing daily around 100 pips. The ideal stop loss and take profit initially are 80 and 120 respectively. Depending upon the market conditions, this needs to be adjusted properly so that losses are reduced. |
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