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

Daily Analysis on 21st July 2008

Hello



How are you guys today?



GBP/USD



Take a careful look on this below chart

and this





I think it'll go down because it's already rebound from 38.2 finbonaci line (2.0029) but to confirm that we have to wait for today candle finish its form. if today candle close below green line its mean we can go short (sell).