5-28-08
6:52a GMT – GBP/USD is testing trend support (over the past couple of trading days) and I expect the general uptrend to continue. GBP got oversold and should recover.
Trading Idea: Look for bullish candlestick to confirm the trade and then enter long with targets at 1.9790 and 1.9825. If support is broken look for further losses with targets at 1.9730 and 1.9700.
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