GBP/USD technical analysis for January 25, 2013
The GBP/USD has already broke out from the sideways situation and closed below the level of 1.5800. As long as the pair is not going up and it touches 1.5875, the downside momentum is still in a healthy condition.
Sell at 1.5775.
Stop loss is at 1.5885. Clear all the positions on Wednesday Jan 30, 2013, if the take profit level is not reached.
Take profit is at 1.5575.
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