Saturday, February 2, 2008

Outlook Monthly FOREX

Hi everyone, After trade last month, now I want to give my outlook at this month, February. I will make it simple.

After Non farm payroll and ISM result , last friday, all markets still not found it's directions where the trend must move.

In my opinion GBP/USD still move down at least try the support at 1.9550. Start to collect buy( for short term ).

Or you can try for sell at 1.9755, put stop loss at 1.9820 and Target Profit at 1.9550-1.9600

For big picture in this month will be complex , because markets maybe still looking for US condition market.

But if the strong support at 1.9500 break, try for sell , with target 1.9200-1.9250.

At the end this my recommendation for this month. Thanks everyone.

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