2014/05/12 (Monday) Price Action

FX:GBPUSD   British Pound / U.S. Dollar
29 0 0
Consolidation has led to an inside bar close inside the 8-21 EMA area.

With trend still maintaining upward this isn't a good signal for a continuation down.

Will be looking for more price action, perhaps a deep false break below the 21 EMA and perhaps to support which we may see because of the Weekly pin bar at a significant resistance area for a potential long entry mid to late this week.
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