MY MARKETIVA JOURNEY: A FOREX TRADER'S BLOG

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Wednesday, November 23, 2005

Today's Signal

by Eko Prasetyo @ 8:25 AM

2 a.m GMT

GBP/USD buy at 1.7170/1.7180 target at 1.7200 cut loss 1.7120
EUR/USD buy at 1.1780/85 to 1.1800/1810 cut loss 1.1750

Sterling has a resistance at 1.7220/30 and it's support is at 1.7180 and 7150. To be safe, wait for its high at around 7 to 8 a.m GMT. If it reaches 1.7230/40 short position can be readied.

euro has a resistance at 1.1820/30. If at 8 to 9 a.m GMT it doesn't break, a short position for 50-100 pips target can be opened

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