Wednesday, 9 January 2008

GBP/AUD VIEW

12.30 PM GMT Update: I do not think this pair has got more to give...maybe a double bottom?
I'm out until tomorrow. I generally shy away from the US session...just to volatile for me :-(

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10.30 AM gmt Update: This pair has cracked a major support level. This is getting me very very bearish indeed. Shorting at this level is suicide...lets see what happens in the next hour there might be an opportunity for a quick 50 + pip trade?

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Just as i expected, very little happening today. It might be like this until we have the interest rates announcements out the way and of course earnings.

There might be opportunities.......let see.....



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