Forecast GBP USD (GBP/USD) exchange rate for 11/11/11
Technical Picture shows a decent (medium) quality buy signal
Entrance just above 1.5900
First target just below 1.6000
Second target just below 1.6100
Does not make sense to trail – range-bound condition – move stops manually
Intraday only
Watch: for MACD crosses and falling ROC on the hourly chart = stop
Always use protective stops