SELL GBP/USD 1.4041
TAKE PROFIT 1.4021
STOP LOSS 1.4071
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
WEDNESDAY March 4, 2009
is still intact.It should continue to fall to 1.2541 or 1.2496 if
resistance at 1.2586 area doesnt break . Direct rise above 1.2586 could
turn the picture bullish for a corrective up move to 1.2619 or even
fall is near an end of wave around 1.3909 - 1.401 zone, a rally should
then procede to above 1.4104 or 1.4144. Fall below 1.3889 would cancel
A corrective/consolidation activity between 97.25 and 99.51 is likely for a while.
It should trade lower to 1.1697. Resistances are at 1.1773 and 1.1802. A break of 1.1800 is bullish.
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