Thursday, February 26, 2009

GBP/USD Pair @ 12.20 pm (Malaysia)

SELL Area - 1.4311 (My target is 1.4178. Then 1.4050)

BUY Area - 1.4351 (My target is 1.4405. Then 1.4487)

Both my Buy and Sell Area met and only sell area met the first target at 1.4250. On Sell area candle stop at 1.4173 amd rebound back this morning.

So what next :


Salam. Allah Hu.

1 comment:

Unknown said...

I wrote yesterday that “the GBPUSD is in no man’s land between 1.4990 and 1.4090. Based on the EURUSD count, which is much clearer, strength seems more probable at this point. 1.4340-1.44 is support from Fibonacci. Look to position long in this zone against 1.4148, for an eventual break above 1.4665.” The support zone defined by the 61.8% and 78.6% of 1.4148-1.4665 at 1.4257-1.4343 should provide demand.

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