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2014/05/12 (Monday) Price Action

FX:GBPUSD   British Pound/U.S. Dollar
24 0 0
Breaking the low of Fridays candle following a continuation inside bar yesterday we can see further losses – but not much for the pound on this pair today.
Not enough of a tail to be called a pin bar , but we did a test to upside earlier. So I would not be surprised to see further downward movement.
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I will be looking for price action at next support to go long, or a strong rejection of the downward movement from a lesser historical reversal because of the upward trend.

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