Mon, Jul 13 2009, 23:33 GMT
by Mohamed I El Shall
After GBPUSD breached the very important support level at 1.6200, it had formed a clear impulsive wave. First wave ended at 1.5982, and right now we are correcting up in the second wave targeting price levels from 1.6400 to 1.6560.
We recommend shorting the pair of currency with any reversal sign inside this box.
1.6200 – 1.6080 – 1.5980


Published on Mon, Jul 13 2009, 23:41 GMT
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