FOREX REPORT 28th November GBP/USD

GBP currently trading in a sideways pattern waiting for current month to end and the new month to begin before any new trend develops.




The best trades are occuring around 90 point spiral bottoms, and yesterday's trade was a perfect example of using an 90 point spiral top along with the 5-day 50% level to trade upwards. No set-ups for Tuesday unless the market comes back down 90 pips and aligns with the 5-day 50% level... Yesterday's report


Price rotated down on Tuesday, and once again supported at the 5-day 50% level, and a 90-pip low.

Traders can use the 90 pip spiral point and look for .46 and 90 pip moves on Wednesday.

Risk trading longs below Tuesday's lows.