Wednesday, March 29, 2006

Update on Sterling Position

Sterling continues to weaken this morning and a quick profit has been realised from yesterday's suggestions.



It appears from the above hourly chart that there was a chance to short the sterling before the price drop when it came close to the EMA of 13 (pink line) resistance level. So, I'll be looking to short again at the next resistance level which currently stands at 1.7410.

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