SELL GBP/USD 1.4228
TAKE PROFIT 1.4208
STOP LOSS 1.4258
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
THURSDAY January 29, 2009
While below 1.3198 or 1.3246 it could fall towards below 1.3071 or 1.2975. After which a corrective/consolidation activity is expected.
Should test support at 1.4125 while below 1.4249. If support at 1.4125 holds it can rise up to1.4375, if not it should fall to below 1.4000 zone.
Uptrend is still intact in a triangle configuration. It should continue to rally to 91.02 or 91.84 if support around 89.97 hold. After which a pullback to 89.97 - 89.59 zone is possible.
A corrective/consolidation activity between 1.1373 and 1.1706 is likely for a while.
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