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Wednesday, May 07, 2008

GBP/USD (Break-Out!)


*Attached chart(Daily). Click on it for the enlarged version.

Hello everyone,

GBP/USD has broke out below the closing wedge. As I have mentioned in my previous post, my gang and I are on the down side bias on the GBP/USD.

Now it has broken below the wedge. Be careful of possible pullbacks/retracements but we will not hesitate to short it when a down sell opportunity arises.

Peace and trade safely everyone...

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