BUY GBP/USD 1.4221
TAKE PROFIT 1.4241
STOP LOSS 1.4191
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
RESULT ORDER NOT TOUCHED
THURSDAY February 19, 2009
It may meet resistance in 1.253 - 1.2561 zone for a drift down to 1.2437 zone, after which bounce to 1.2585 is anticipated.
Difficult to predict the next move. If first down it should hold 1.4153 or 1.4103 to 1.4309. If first up it should face resistance in 1.4256 - 1.4309 zone to 1.4103 zone
Uptrend is still intact in a triangle configuration. It should continue to rally to 94.54 or 95.15 if support around 93.28 hold. After which a pullback to 93.28 - 92.94 zone is possible.
Current upmove should be ended around 1.1856 - 1.1929. Any correction consolidation should find support in 1.1753 - 1.1717 zone.
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