The markets can handle some uncertainty, but the lead-up to the Fed’s eventual announcement on tapering may be stressing the system
Monday, January 5, 2009
GBPUSD SHI CHANNEL SETUP
Instrument : GBPUSD
TimeFrame : 1 Hour.
Technical Analysis :
This instrument still moving inside the correction. In technical analysis reading the price for right now is bullish bias ( lower timeframe ) but consolidate at higher tframe especially 4 Hour and Daily.
At this moment quite hard for chartist to expect without any fundamental sentiment. But market can be anything.
My advise wait until this pair end the correction. And focus with Major trend ( bearish bias ).
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