Sunday, January 4, 2009

GBPUSD (1.4500)

GBPUSD seemed to have resumed its downward trend and is looking to target 1.4400 region once again.

Traders will look to sell GBPUSD around 1.4655 level for initial target at 1.4455 level which can be extended to 1.4355 level.

The position can be averaged out if GBPUSD rise to 1.4765 level.


Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4655
Trade 2: Sell GBPUSD @ 1.4765
Stop: 1.4810
Profit Target 1: 1.4455
Profit Target 2: 1.4355

No comments: