Monday, April 13, 2009

GBP/USD @ 10.45 am (Malaysia)

BUY Area - 1.4667 (My target: 1.4700 Next : 1.4778)

SELL Area - 1.4625 (My target : 1.4584 Next : 1.4500)

Salam and Hi...

Trading range is between 1.4584 to 1.4778.

At this moment the market is still on consolidations mood from 1.4957 drop. Initial resistance is at 1.4778 and as long as this price holds candle may drop deeper at 1.4400 area. The market is still slow because of the Bank Holiday.

Allah Hu.

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