GBPUSD forex technical analysis 2 June 2015
Yesterday I shared my enthusiasm for trading a confluence of technical levels and the performance of cable at the 55 & 100 dma's and Nov 2014 trendline speak for itself
GBPUSD daily chart
I was worried about the US data yesterday but it failed to crunch the level so I was happy to place an order at 1.5180, which I took 40 pips from. I had another order in at 80 this morning which unfortunately went unfilled by a couple of pips and that's the one that has since taken off (Can't win 'em all)
When you see a level, and it plays ball, it can be such a great feeling and confidence boost to your trading
