BUY GBP/USD 1.4281
TAKE PROFIT 1.4301
STOP LOSS 1.4251
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
FRIDAY January 30, 2009
Overall structure is bearish. Decelerating momentum could attract it towards supports at 1.288 or 1.2864. Major support is clustered around 1.2746 limit.
A corrective/consolidation activity between 1.4112 and 1.4425 is likely for a while.
There are initial signs of a good corrective recovery towards 90.61 or even 91.21. Supports at 89.75 and 89.45 zone.
A corrective/consolidation activity between 1.1432 and 1.1605 is likely for a while.
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