Daily Analysis on 23rd July 2008

Hello All



GBP/USD





Let's take a look on this daily chart





Yesterday candle is closed below the green line, it mean that we have a signal to go short (sell) and it mean make 38.2 fibonaci line (2.0029) as a resistance line. it'll go at least to 1.9840 then to 1.9760 then to 1.9560.



But, be careful because today we will have BOE minute at 8.30 GMT.



Forecast :



Swing Trader : Down



Recomendation:



Swing Trader : Sell TP: 1.9840, SL: 2.0035





Good Luck all

Zemanta Pixie

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