Monday, February 2, 2009

GBPUSD (1.4538)

GBPUSD seems to be heading towards 1.4600 level and we might see GBPUSD taking dip from there. Selling GBPUSD around 1.4635 seems a good opportunity. In case GBPUSD takes an extended move above 1.4750 level, the trade can be averaged out by selling another GBPUSD around 1.4750 level


Recommended Trade Levels

Trade 1: Sell GBPUSD @ 1.4635
Trade 2: Sell GBPUSD @ 1.4750
Stop: 1.4850
Profit Target 1: 1.4480
Profit Target 2: 1.4350

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