Update: Back Long GBP/USD

Posted by Adam On March - 18 - 2010

We’re giving ourselves a pat on the back for getting out of yesterday’s pullback in GBP/USD and staying out of the way of today’s fall (see below). We targetted 1.5230 as a re-entry point and we hit it and found support there. We will go long at these levels (1.5243) with a stop at 1.5200 and a target of 1.5450.

Comments are closed.

Disclaimer:Fxbeer.com advice is only informative, they only reflects our vision of the market. any news, research, analyses, prices, or other information contained on this website is provided as general market commentary, and does not constitute and may not be construed as investment advice of any kind. FXbeer.com will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from use of or reliance on such information as mention above. By using the services offered by fxbeer.com and by using this website the user agrees that fxbeer.com, the author and any other entities associated with the fxbeer.com shall not be held liable for any direct or indirect, consequential loss or any damages whatsoever arising from this usage, or the use of any information, signals, software, messages, manual, worksheet , instructions, alerts, directives etc and any other information contained in regard to its use and understanding. You are responsible for the use of such boards ,Use of this site and the services offered by fxbeer.com are made at your own risk. By using this website You agree to assume full and exclusive responsibility liability for your research, decisions and actions.

?>

Popular Posts

Recent Comments

Switch to our mobile site