Outlook weekly GBP/USD

February 25-29, 2008

This week, becareful about Economic reccesion US, that indicates GBP/USD at least still move uptrend before BOE.

My recommendation for this week looking buy

BUY at area level 1.9550-1.9600 ------Stop loss 1.9460--------Target profit = 1.9850-1.9900

-----------------------------------------------------------------------------------------------

If it fail to break up the trend , market might down trend if it breaks the support at level 1.9350, look for sell (short), wait for a little rebound for sell

Sell at area level 1.9390-1.9440 -------Stop loss 1.9500 ----------Target profit
1.9200-1.9250

This is my recommendation for this week, :)