Monday, March 23, 2009

GBP/USD Pair @ 11.00 am (Malaysia)

BUY Area - 1.4493 (First Target: 1.4584. Second Target :1.4661 Third : 1.4733)

Trading Range is between 1.3841 to 1.4661. Break 1.4661 candle will test 1.4985. But if fail candle may drop back to test 1.4473.

SELL Area - 1.4450 (First Target : 1.3841)

Salam and Hi....

Candle is still on consolidations uptrend move from last week. If fail to break and drop to 1.4473, candle is possible to test 1.4661 and possible to test 1.4985. Looks like Initial Support already performed at 1.3654, fail to test 1.3500 - major support for GBP/USD in 23 years old. If this happen no doubt candle will test 1.5372 area within a few days. Let see this happen and please be alert on all reversal pattern of candlestick.

Allah Hu.

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