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18 January 2007

Signal for TODAY

GBP/USD - British Pound Dollar

Short term (Intraday)

1,9760. GBP USD is in an uptrend supported by 1H exponential moving averages. The price is just below 1,9760 resistance. Bollinger bands are flat. ForexTrend 1H, 4H, daily is in a bullish configuration. 1H, 4H Stochastic indicate a bullish pressure on GBP USD. The uptrend should continue to gather momentum. The target is expected at 1,9860.

=> We could take a long position at 1,9760. We will put the stop loss below 1,9725 (-35 pips). The targets are 1,9800 (+40 pips) 1,9860 (+100 pips). Each trade is dangerous, take care and put your stop loss.

 

posted by GoldenFX @ 10:27:00 PM

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