5/25/10

GBPUSD looking to target 1.4235

GBPUSD is moving in a nice downward trend and this trend seems to continue and currently it seems that trades will be looking to sell GBPUSD around 1.4415 level for a nice intra-day trade towards 1.4235 target. RSI is a bit on the lower side but still seems to have more than enough space to make a move towards 1.4235 level.

TRADE:

Sell GBPUSD @ 1.4415 for Profit Level @ 1.4235 with Stop @ 1.4465


DAILY CHART:


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