Thursday, October 12, 2006

Forex Signals GBP/USD 12 Oct

Update: Please take note of today's news at 8.30amEST. It will affect USD. So, better get rid of trade before the news or you can put your stop loss at 1.8545. If price is against you then you'll be stop out. If not, then you will get into the right of the retracement.

Today forex signals : We have 2 critical level, Buy when price broke 1.8600 and Sell when price broke 1.8500. Most probably price will go up for temporal retracement(3 or 4 days) then only coming down. So, just put your buy stop at 1.8605 and Sell stop at 1.8495 and let the price determine the trend.

Price may hit up to 1.8800 area.

God bless.

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