Forex Day Trading - GBP/USD
![](https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjFLltlW-M2vtG76QQTz-dqRU4VfahLvpHCa-S6S9DfDwhitkkJ4wyeZTcRTansCwXa4H4QXFcCk0K8E7e1fj0_0JYapbSMXQhYkmI90BLnqrADRqBCRzfhuIGZilxccbYhGhUybaKpM2zd/s320/Spot+FX+GBP_USD+(14-OCT-10).png)
This is the 2Day 5Min Chart for GBP/USD
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The market has reached R2 and hence no BUY opportunities.
The only safe SELL opportunity at the moment is just below R1 at 15947.
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This can change later in the day if the market forms a good channel and then the channel breakout strategy can then be used.
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