** Asia Open: Daily GBP Trade / Wed. Sep. 13, 2006 **

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PDF version 12 Sep 2006, 18:00 GMT by GCM Reach

Home : Forex Forecasts : ** Asia Open: Daily GBP Trade / Wed. Sep. 13, 2006 **

** Asia Open: Daily GBP Trade / Wed. Sep. 13, 2006 **

FOREX FORECAST & ANALYSIS

Daily Report

By J. Enrique Tolentino S.

http://www.gcmreach.com

Asia Session Open: Tactical Strategy for Wednesday September 13th, 2006: GBP/USD

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Medium Term Trend: Cable technical picture is cloudy due to a false upward break. Now need to stay below 1.9090/9130 to reach 1.8530/8395-10 support.

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Asian Session Expected Movement: ↓

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Today's Trade Analysis: Cable retrace higher as expected. Now we�ll try HSL entries identically as in NY session. Separete entry in 3 parts 1.8750, 60, 70.

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Supports: 1.8625/1.8580/1.8555 Resistances: 1.8750/1.8770/1.8805

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Plan: Selll HSL @ 1.8750,60 & 70, place stop 35 pips away each entry, 4 fall to 1.8555
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Provided by: http://www.gcmreach.com GCM Reach

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