POTENTIAL GAIN - GBPUSD

We might see a gain in GBPUSD with a break of my RSI trendline in the 4hr chart and price in a DIP considering the relationship of price with Bollinger Band - we are at the lower band.

This is technically a LONG signal. We can take a long above 1.5950 for a 40-50 pips profit but stoploss should be tight for 50pips as this is a decision making point.

A rally is expected but she seems to be having problem breaking the psycological resistant at 1.6000. Let us see what happen.

James

GBPUSD Intra-day rally expected

Welcoming you to a new year 2010 with an expected rally in GBPUSD for a 40-50pips profit. This is informed by the rising CCI from the Oversold zone,

 with a 15min trendline break.

Please visit our trading plan page for new strategy good for intra-day trading for your use.

Please enjoy.

James