Friday, January 23, 2009

23 January 2009 @ 01.20 pm (Malaysia) GBP/USD Pair


SELL Area - 1.3829 ( MY TARGET IS 1.3611 and if it happen the candle will go deeper to 1.3300 area).

BUY Area - 1.3871 ( my target is 1.4025 level)

TODAY IS A BEARISH DAY, Yes Is a Bearish Day.

It will happen if the candle break the 8 years Low at 1.3611. If this movement fail the candle will try to break again 1.4000 area and go further up to 1.4980 level.

Please use the basic of the indicator discipline and please be alert on all reversing signal.

Initial resistance is at 1.4025

Trading range is between 1.3611 - 1.4025

Please see the H4 chart, all candle performed below middle line BB and already broke the semetrical TL. It's possible to drop deeper to my target today 1.3611 or furthur decline. If this not happen the Inverted Head And Shoulder reverse signal on Daily Chart is still on.

Let see this happen guys.

ALLAH HU.

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