Thursday, April 30, 2009

GBPUSD (1.4766)

GBPUSD is looking to target 1.4850 at the moment and traders will look to
buy GBPUSD on dips preferrably for anything below 1.4650 level. Initial
profit target will be at 1.4750 which can be extended later. If GBPUSD
breaks below 1.4600 level then traders might reverse position for 1.4450
level.

Recommended Trade Levels

Trade: Buy GBPUSD @ 1.4650
Stop: 1.4600
Profit Target 1: 1.4750
Profit Target 2: 1.4850

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