Monday, August 3, 2009

GBP/USD Pair @ 11.30 am (Malaysia)

Salam ......

Trading Range is between 1.6300 to 1.6850


1. BUY Area : 1.6655


T1 : 1.6734

T2 : 1.6775

Possibility to test 1.6850 or CS may drop back to 1.6600 area.


2. SELL Area : 1.6615


T1 : 1.6539

T2 : 1.6471

If fail to drop deeper CS may rebound to BUY Area.

At this moment CS is in consolidations mode because everything is OB and might find support at 1.6600 area. If success CS may drop deeper to 1.6400 area. If not CS may test 1.6800 area within few days.

This morning CS already performed 2009 high at 1.6776 but fail to go up further. Please be alert on all reverse signal and please set your target.

Support is at 1.6610 and as long this price hold CS may test 1.6775 again.

Let see what will happen today and please confirm the signal before OP.



Allah Hu.

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