Wednesday, February 28, 2007

GBP/USD Daily Chart update



If you look at the Doji candle formed on 13th of Feb, you will notice it was followed by a strong bull candle, and the patter repeats as of 19th and 22nd February, and lastly today. This may strongly suggest that we may see a a bullish candle as well. What supports this theory is the strong support line as shown in the chart.

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