Foreign Currency Trading

Friday, June 18, 2004

Trading Plan 6/18/04

Again looking at the GBP. We had another overnight
reversal on the upside. I would be looking to be
again a buyer of GBP. I would like to see a test of
1.8445. A clear break of that would be bullish. I
have to keep in mind that todays action could be
similiar to yesterday. We had a failed attempt to
break 1.8400 we might be in a muddle trading session
for a friday.

GBP:
Support: 1.8355 / 1.8310
Resisitance: 1.8400 / 1.8445

posted by ErickFXtrader at 12:24 PM

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