BUY GBP/USD 1.3845
TAKE PROFIT 1.3865
STOP LOSS 1.3815
SIGNAL VALID FROM 6.00 GMT - 18.00 GMT
THURSDAY March 12, 2009
is still intact in a triangle configuration. It should continue to
rally to 1.2907 or 1.3023 if support around 1.2775 hold. After which a
pullback to 1.2775 - 1.2731 zone is possible.
It should trade higher to 1.3958 while 1.3806 or 1.3765 offers support. Stop loss below 1.3724 zone.
Market should meet resistance at 97.73. We expect then an extended move down to 96.66 -95.90 area.
at 1.1523 or 1.1471 should hold. Then a correction to above 1.1731 is
anticipated. A clear break of 1.1417 is again bearish.
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