SELL GBP/USD 1.5129
TAKE PROFIT 1.5109
STOP LOSS 1.5159
THURSDAY December 19, 2008
There are initial signs of a good corrective recovery towards 1.4483 or even 1.4582. Supports at 1.4215 and 1.4046 zone.
Market should meet resistance at 1.5173. We expect then an extended move down to 1.4764 -1.4542 area.
A corrective/consolidation activity between 87.74 and 91.73 is likely for a while.
It should test 1.1225 area after which a sell off down to 1.0545 or extended to 1.0253 area is expected.
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