Monday, September 22, 2008
GBP/USD Objective Met
I've met my condition on the below GBP/USD move from 1.80 to 1.86. As the market continues to be very volatile, I'll stand aside to see how the US deals w/ the major $700B "bail-out". I think there will be more downside pressure on the pound as soon as the dust settles. As of now, keep an eye on the Euro, significant level being 1.49. I'll be a seller of Euros at that point.
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