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FX.co ★ GBP/USD For June; 10th/2010.

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Forex Analysis:::2010-06-10T10:57:18

GBP/USD For June; 10th/2010.

There are 2 scenario for this pair according MPC Official bank Rate release this afternoon (Indonesian Time).

First : The Upward Movement.

If this Pair Breaks 1.4627 level , it seems this pair has a probability to go to "north" to 1.4648 as the 1st target and 1.4818 as the 2nd target.

GBP/USD For June; 10th/2010.

GBP/USD For June; 10th/2010.

Second : The Downward Movement.

If GBP/USD comes down again; this is the Selling area for this pair in this day : 1.4538, 1.4532, and 1.4527 with the 1st Target at 1.4496 and the second target at 1.4482. The Stop Loss level is at 1.4606 Level. But if GBP/USD allready break and close above The 1.4606 before it reach the Selling Area; we can categorize the Downtrend is failed!

Once again Please be carefull in trade this pair for this day because the MPC Rate release this afternoon.

Analyst InstaForex
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