Monday, August 25, 2008

8-25 GBP/USD Possible Trade

GBP/USD could set up for a good short trade if it reaches the 8600 area. This shot shows a 50% retracment there, along with S/R and a 162R there as well. The daily range would place this trade at a 200 pip travel distance. This may prove to be a good London/US close trade. We will see