GBP-1.7399 28th,Feb 2006 Pre-Japanese Update
Pound is consolidating around 1.7400 levels for quite some time. While trading at these levels we would expect a spike upwards to test 1.7440. However for now we would still remain in the same direction expecting a decline towards 1.7300. So prefer selling at 1.7430 for the above said target to be reached.
Sell @ 1.7430 for 1.7300, with stop above 1.7460.
By N. Rajesh Kumar,
Forex Leads,
Email:
rajesh@forexleads.com ,
# 3 G-1 Ambal Flats,
Sathyavathi Nagar,
Padi Chennai 600050,
Phone: + 91 44 26549159
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