GBPUSD was moving in a nice upward trend and currently it is taking some retrace and this retrace might extend below 1.4850 level. From there it is expected to resume ita upward trend and make a move towards 1.5200 level.
Recommended Trade Levels
Trade 1: Buy GBPUSD @ 1.4980
Trade 2: Buy GBPUSD @ 1.4820
Stop: 1.4770
Profit Target 1: 1.5040
Profit Target 2: 1.5140
Friday, May 8, 2009
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