GBPUSD – 240min Chart

Hi Everybody,

Any of you wondering why the GBPUSD has been rallying ? Well, it is because of the recent DP support, please see the chart to the right. Can you all see how the DP nailed the low perfectly for you :-)

Any longs off this low are now protected as a “break-even” trade as the market has now rallied past the 100% initial risk level.

But this is yet another example of how well the DP provides support and resistance in the FOREX markets.

Thanks, Steve