GBP/USD @ 05.30 am (Malaysia)

Salam and Hi.... Trading Range is between 1.6200 to 1.6800.

1. BUY Area : 1.6537 (First Target: 1.6661 Next : 1.6694 Next 1.6798)

If fail CS may drop back to 1.6500 area.

2. SELL Area : 1.6497 (First Target : 1.6340 Next : 1.6236)

As aspected yesterday CS is testing 2009 high at 1.6661 but out of gas and stoped at 1.6621. At this moment the market is on retracement from yesterday bullish and at H1 already performed a small flag - so do at m30 chart already performed big flag. Any time the CS may spike to test yesterday high at 1.6621. If fail to move furthur up, CS may drop back at 1.6500 area, because everything is OB now. Anyway let see what will happen today and the Oil price is still moving up. Until then be more carefull today and please set your target and trade only on what you see - not on what you think to be.

Allah Hu.