Tuesday, February 10, 2009

GBPUSD (1.4890)

GBPUSD is looking to target 1.5000 level at the moment and traders will look to buy GBPUSD on dip around 1.4800 level. If the dip is extended towards 1.4650, averaging the first position will be a good option around 1.4650 level.


Recommended Trade Levels

Trade 1: Buy GBPUSD @ 1.4805
Trade 2: Buy GBPUSD @ 1.4650
Stop: 1.4550
Profit Target 1: 1.4900
Profit Target 2: 1.5000