Fri, Feb 22 2008, 09:49 GMT
by Ted Wilson
GBP/USD 1.9654 - 22 February
GBP/USD Open 1.9633 High 1.9683 Low 1.9389 Close 1.9581
The Cable climbed significantly against the US Dollar, and broke the short term resistances at 1.9500 and 1.9590, recovering for the week's losses in one day. Resistance for today is expected at 1.9685, followed by 1.9750, and 1.9840. In downward direction support is 1.9540, followed by 1.9420, and 1.9350.
Technical resistance levels: 1.9685 1.9750 1.9840
Technical support levels: 1.9540 1.9420 1.9350
Trading range: 1.9640 - 1.9715
Trend: Upward
Buy at 1.9654 SL 1.9624 TP 1.9704
Today we made already +49 pips profit on GBP/USD from the following signal:
7:11 GMT Buy GBP/USD at 1.9634 SL 1.9608 TP 1.9694 exited at 9:13 GMT
Today so far +203, yesterday +132.
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