BUY GBP/USD 1.4297
TAKE PROFIT 1.4317
STOP LOSS 1.4267
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
TUESDAY February 17, 2009
It should test higher than 1.2843. Entry point are at 1.2765 and 1.2745. A break of 1.2687 is bearish.
Market should hold major support at 1.4124 before rising towards 1.4360 or even 1.4424 limit.
There are initial signs of a good corrective recovery towards 91.91 or even 92.07. Supports at 91.58 and 91.42 zone.
It is a triangle configuration. Market should break either side. Acceleration should occur above 1.1707 or under 1.1580 limits.
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