Monday, December 3, 2007

GBP/USD

Good morning!!! Brand new day, brand new week, brand new month. Feeling kind of queasy so decided to skip school. But the trading bug in me hasn't exactly been able to die off so I decided to open up my platform and watch the charts.

While doing so I spotted the GBP/USD trade and am now waiting for a breakout. Below is a picture of the graph:


GBP/USD Hourly Chart

There seems to be a sideways movement as of the past 8 hours of trading and I'm currently waiting for a breakout. If it doesn't break out of this sideways movement, then I suppose the best would be to just stay out of it.

That's all for now!

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