Forex Day Trading - GBP/USD


This is the 2Day 5Min Chart for GBP/USD.
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The Bank of England Rate decision is due to be announced at 12noon and the European Central Bank Rate decision at 12.45pm.
Trade extremely cautiously before these times.
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The market is currently trending sideways between R1 and the Pivot point. A pending Buy order has been placed just above R1 at 16175 and a pending Sell order just below the Pivot point at 16088.

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