Trade Without Indicators: GBP Forecast 1st Dec

Posted on 01. Dec, 2009 by Daniel in Daily Forex Signal Forecast


daneil-daily-forex-trade-setup-gbp-0112

Good morning traders,

Last Thursday the market got shock by Dubai World’s debt restructing, sold down panicly. Pound against US dollar was drag down as well.

This week the market should be easing off the Dubai’s effect. Every trader will still keep a close watch of the progress of Dubai.

Range for GBP/USD: 1.6433 - 1.6646

I will go Long if GBP/USD open within the range and trade above opening price of 1.6437

I will only short if pound trade below 1.6433

P.S Make Every Trading Like Your Own Business

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