SELL GBP/USD 1.3759
TAKE PROFIT 1.3739
STOP LOSS 1.3789
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
WEDNESDAY March 11, 2009
It looks more likely that it would rise to 1.2808 from 1.2630 or 1.2566. After which a downside move is expected.
fall is near an end of wave around 1.361 - 1.3647 zone, a rally should
then procede to above 1.3826 or 1.3871. Fall below 1.3566 would cancel
dips should ideally halt near 98.58 or 98.31 for one more thrust
upwards towards 98.93 - 99.27 area or 99.81 in extention. Fall below
98.04 puts it back on a downward path.
It may attempt a test higher to 1.1627 after which weakness may set it to a drift down to below 1.1474 limit.
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