BUY GBP/USD 1.4244
TAKE PROFIT 1.4264
STOP LOSS 1.4214
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
WEDNESDAY February 18, 2009
Market should not go lower than 1.2435. After this move down it should go up to 1.2572 - 1.2650 area.
Market should hold major support at 1.4049 before rising towards 1.4325 or even 1.4411 limit.
is still intact in a triangle configuration. It should continue to
rally to 92.66 or 93.44 if support around 92.25 hold. After which a
pullback to 92.25 - 91.99 zone is possible.
can extend to 1.1736 or even higher than 1.1785 as declines are
expected to find support at 1.1642 or 1.1597. A fall below 1.1499 could
turn it bearish.
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