Friday, January 9, 2009

MJFX Signal - 09 Jan 09

GBP/USD

BUY ---TP1----TP2-----SL
1.5200 1.5325 1.5475 1.5075

Non Farm Payroll tonight will spark volatility. GBP retreated last night against USD and reserved all the energy for tonight's rally. We reset after new trend highs were scored, but the move stalled around 1.5370 and the trade came under pressure in Asia. Daily studies are bullish, with plent of room to extend.

Buy at 1.5200, T1 at 1.5325 (RR: 1:1), T2 at 1.5475 (RR: 1:2.2).

MJFX

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