By Roger Baettig
February 6, 2012 8:12 AM GMT
Symbol: GBPUSD
Forecast High: 1.5981
Forecast Low: 1.5643
Entry Sell: 1.5762
T/P Sell: 1.5734 / 1.5712
S/L Sell: 1.5812
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Trading start 05:00 GMT / 00:00 EST / 12:00 WIB / 13:00 KLT Trading end 15:00 GMT / 10:00 EST / 22:00 WIB / 23:00 KLT only 1 times trade per day.
EUR/USD's decline extended further as expected as reached as low as 1.2496. The break of 1.2625 confirmed resumption of whole fall from 1.4939. Initial bias remains on the downside this week.
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