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Monday, 20 May 2013

LONDON CLOSE ROUNDUP

Action today was fairly quiet and somewhat choppy. The USD has continued to weaken slightly.
AUDUSD was ten minutes ago just a few ticks short of returning to its Demand Zone (Thursday's low). If it reaches the zone very soon I will look out for a price action entry on the 15 minute chart, otherwise I will leave it.

The GBPUSD outside bar short off the 200 EMA Bounce earlier today did not work out well, but did produce about 15 pips before a reversal on two double pin bars:


That's all for today.

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