Wednesday, January 14, 2009

14 JANUARY 2009 @ 11.30 am (Malaysia) - GBP/USD Pair


SELL Area - 1.4577 (My target is 1.4372 and possiblely further)

BUY Area - 1.4621

Congratulations to all my frens who follow my tips yesterday. I've heard some of you got more 100 pips and some got 200 pips. Get more confident now using what discipline I've told you. Please Trade what you see, be discipline and trade a pair only not to many pair at a time. Be patient and not so confident oldo you made profit everytime you trade. Becarefull of the reversal signal and follow the news especially Oil/Gold price may effect the GBP.

The Market is still Bearish and the initial resistance is at 1.4600 to 1.4700. If this position hold today the price will go deeper at this year low at 1.4350 or down further.

If the price break above 1.4700 area, the short term downtrend already completed and left double bottom at H4 chart. From here the price will possiblely go further up to find 1.4900 area in few days.

Good Luck.

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