Wednesday, June 3, 2009

GBP/USD Pair @ 07.10 am (Malaysia)

Salam and hi..... Trading Range is between 1.6100 to 1.6700 area.

BUY Area : 1.6521 (First Target : 1.6600 Next : 1.6650 Next : 1.6708)
If fail CS may drop back at 1.6500 area.

SELL Area : 1.6481 (First Target : 1.6406 Next : 1.6369 Next : 1.6322)

Anyway the market is still Bullish. May test 2009 new High today at 1.6700. There already performed big flag at H1. Please use Yellow Line at weekly chart and look like CS may test 1.6900 area within few days. Anyway indicator is OB and CS may make some corections this morning, before testing back yesterday high at 1.6595. Don't forget to reffer H4 chart at relevan time before make a buy or sell decisions.

Until then I hope you will be more discipline and be alert on all reverse signal and continuition pattern.

Allah Hu.

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