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GBP-1.8562 11th May,2006 Pre-European Update Pound has decline as forecasted but we missed the sell entry by 20 pips and has reached our target, for now the short term trend shows there will be price decline towards 1.8500 levels and if this level is cleared then we may see the decline catches the next support at 1.8450 levels, we now prefer to sell on any raise near 1.8575 levels for the above said target to be reached. Amend stop to entry once 30 pips profit is reached. Sell @ 1.8575 for 1.8500 min with stop above 1.8605. By N. Rajesh Kumar, Forex Leads, Email: rajesh@forexleads.com , # 3 G-1 Ambal Flats, Sathyavathi Nagar, Padi Chennai 600050, Phone: + 91 44 26549159  Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only. |
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