Monday, June 1, 2009

GBP/USD Pair @ 10.20 am (Malaysia)

Salam and Hi......

Trading Range is between 1.5850 to 1.6350.

BUY Area : 1.6111 (First Target : 1.6310 Next : 1.6363) May drop back to 1.6100 - 1.6200 area for retracement.

SELL area : 1.6071 (First Target : 1.5989 Next : 1.5924) If fail CS may test back 1.6100 area before testing back 1.6300 area.

Please be alert on all reverse signal. Looks like so many bullish continutions and flag at m5, m30 and H1. Anyway on indicator everything is OB - CS should make retracement any time now. Good Luck.

Allah Hu.

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