Sunday, October 4, 2009

British Pound Sterling




I really like the short side of Sterling. Right now we have completed a TD Buy Countdown on the dailies, which could provide a short bump to the currency. Looking at the monthly 1.63 looks like a good place to short and 1.6268 on the dailies provides a sell spot too. So the 1.6260 to 1.6300 area should provide decent resistance.

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