AMZ Capital - Daily Trade Analysis (Jan 31, 07)
01 Jan 1970, 02:00 by amzcapital

GBPUSD: (1.9624)


GBPUSD seemed to have reached its target at 1.9511 and we might now see GBPUSD taking some rise initially towards 1.9600 level which might then further extend towards 1.9730 level.

Short Term traders with short stops might not look to enter GBPUSD at this stage because it has reached a critical level and break of this level will push GBPUSD out of buying trend in long term.

 

 


Trade:


Buy GBPUSD @ 1.9511 for Profit Level @ 1.9600 and Stop Loss @ 1.9471