Apr 17, 2008
At Time : (time are in GMT+7 or Indonesia Jakarta Time (WIB))
19:00 GBP/USD up (Buy)
ALWAYS put a Stop Loss (SL) MAX 40 pips, and Target Profit (TP) starting from 10 to 70 pips, you can use a trailing stop too.
USE AT YOUR OWN RISK !
Thursday April 17, 2008
EUR-USD
Uptrend is still intact in a triangle configuration. It should continue to rally to 1.5972 or 1.6116 if support around 1.5895 hold. After which a pullback to 1.5895 - 1.5853 zone is possible.
GBP-USD
Corrective dips should ideally halt near 1.971 or 1.9662 for one more thrust upwards towards 1.9765 - 1.982 area or 1.9916 in extention. Fall below 1.9614 puts it back on a downward path.
USD-JPY
Corrective dips should ideally halt near 101.53 or 101.33 for one more thrust upwards towards 101.88 - 102.23 area or 102.63 in extention. Fall below 101.13 puts it back on a downward path.
USD-CHF
Bullish reaction to above 1.0095 is anticipated from 0.9972 - 1.0004 zone. Stop loss below 0.9849 zone.
