GBPUSD seems to stay between 1.4400 and 1.4600 level and traders will look to focus around those levels. A good buying level can be seen around 1.4370 level foe a nice move above 1.4550 level. The trade can be averaged out if GBPUSD takes a dip towards 1.4250 level.
Recommended Trade Levels
Trade 1: Buy GBPUSD @ 1.4370
Trade 2: Buy GBPUSD @ 1.4250
Stop: 1.4200
Profit Target 1: 1.4550
Profit Target 2: 1.4650
Tuesday, February 24, 2009
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