SELL GBP/USD 1.4397
TAKE PROFIT 1.4377
STOP LOSS 1.4427
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
RESULT ORDER NOT TOUCHED
MONDAY February 16, 2009
Corrective dips should ideally halt near 1.2884 or 1.2854 for one more thrust upwards towards 1.2915 - 1.2946 area or 1.3006 in extention. Fall below 1.2824 puts it back on a downward path.
While below 1.4327 or 1.4419 it could fall towards below 1.4235 or 1.4068. After which a corrective/consolidation activity is expected to 1.4503 zone.
Uptrend is still intact in a triangle configuration. It should continue to rally to 92.34 or 93 if support around 91.51 hold. After which a pullback to 91.51 - 91.26 zone is possible.
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