6/27/10

GBPUSD gathering further momentum

GBPUSD


GBPUSD seems to be gathering further momentum and it current target seems around 1.5125 level and once GBPUSD manages to break above that level, it will be looking to target 1.5300 level. Conservative traders might look to buy GBPUSD on dip below 1.5000 level and from there will look to target somewhere around 1.5300 level.


Recommended Trade:


Buy GBPUSD @ 1.4935 for Profit Limit @ 1.5300 with Stop @ 1.4835


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