Monday, February 13, 2006

GBP Intraday

GBP risky
Well it is either me, or market should clear a bit, but I really don't have a quite clear picture on the development right now, same as other pairs I've already published except JPY.
Below 1.7347 should min retest 1.7074
It looks like in a 4th of an IM move down, and in such case, it will have to stay below w1 low @ 1.7634
Above that, Resistance around 1.7540 and above that to 1.7680/7700 to 1.7850/8094

Possible longer term downside targets are 1.6820 to 1.6410

ID

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