BUY GBP/USD 1.4393
TAKE PROFIT 1.4413
STOP LOSS 1.4363
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
RESULT ORDER NOT TOUCHED
MONDAY February 23, 2009
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.2917 or 1.3086 if support around 1.2759 hold. After which a pullback to 1.2759 - 1.2696 zone is possible.
A corrective/consolidation activity between 1.4224 and 1.4642 is likely for a while.
Market should meet resistance at 93.32. We expect then an extended move down to 92.62 -92.23 area.
Current fall seems to be over near 1.1496 or 1.1366 for a rebound towards 1.1625 - 1.1706 area.
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