GBP seemed to be strongly resisted at around 2.0350.
Fundamentally, everyone is waiting, waiting for 18 Sep announcement.
I am expecting a continuation to whip saw between 2.0350 and EMA200.
Technically, I favour a short, I am now waiting for CCI(34) to go into overbrought and rebound into the very first BB(14,0.9). It may take these few days.
Wednesday, September 12, 2007
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