SELL GBP/USD 1.4250
TAKE PROFIT 1.4230
STOP LOSS 1.4280
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
RESULT ORDER NOT TOUCHED
FRIDAY February 13, 2009
It should test 1.2918 area after which a sell off down to 1.2740 or extended to 1.2619 area is expected.
Current fall is near an end of wave around 1.4016 - 1.4249 zone, a rally should then procede to above 1.4341 or 1.4409. Fall below 1.3995 would cancel this scenario.
It should trade higher to 91.43 while 90.62 or 90.38 offers support. Stop loss below 90.14 zone.
There are initial signs of a good corrective recovery towards 1.1710 or even 1.1789. Supports at 1.1597 and 1.1557 zone.
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