GBPUSD
As we begin a new week new Bank Flow levels begin to emerge. The first level I would like to post this week is on the GBPUSD at the 1.9723 to 1.9735 area for sells. This area should provide some resistance for an intraday target of 40 -80 pips. For those traders that can afford to hold a trade longer I might suggest to take partial profit for 40 pips on a portion of the trade and lock in for a further target back down towards the 1.9630 area.
USDCAD
Another level to watch is the 1.0019 area, give or take 5 to 10 pips, for buys. This combo is notorious for spiking though any level so I would stress caution when trading this pair and use appropriate risk for such an instance.
Dustin
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
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Author: Dustin Pass
Dustin is recognized as one of the top Forex traders and education authorities in the world today. As the President of Forex Traders Daily he has helped thousands of traders learn how to profitably trade the Forex market. Dustin's goal is to help you achieve your financial goals faster and easier than you ever imagined. You can follow him and Forex Traders Daily on: Twitter, Facebook, and Youtube.
