Friday, May 8, 2009

8 MAY 2009

GBPUSD
As discussed yesterday, if price break our trendline then we can sure the new trendline. It did happen yesterday, went up and reached 1.5198 and then went down to as low as 1.4942.

For me, i think price can go up again limited to 1.5110 area. But most of all i see it's a downtrend for today, pls focus sell position rather than buy.

(tips : if price reach pivot line
1.5052 then u can enter sell).










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