Posted on October 22, 2008 at 15:34 in Short-Term Analysis by Valeria BednarikNo Comments »

Well in less than an hour, the Euro/Gbp has surpassed the proposed target giving a good number of pips due to the speed difference clear between both majors. Gbp also respects the limited upside and fell 100 pips ad if they were just 20 or 30. The Eur/Usd failed to accomplished the proposed target, yet now and in the short term is the downside that seems limited. Time to exit both Gbp positions if you follow them.

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