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Monday, January 5, 2009

GBPUSD SHI CHANNEL SETUP


Instrument : GBPUSD
TimeFrame : 1 Hour.


Technical Analysis :

This instrument still moving inside the correction. In technical analysis reading the price for right now is bullish bias ( lower timeframe ) but consolidate at higher tframe especially 4 Hour and Daily.

At this moment quite hard for chartist to expect without any fundamental sentiment. But market can be anything.

My advise wait until this pair end the correction. And focus with Major trend ( bearish bias ).

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