Monday, May 30, 2005

Signal #4: Sell GBP/USD at 1.8232

"The French result is a pretty negative signal for the euro."
"We're entering in a period of high uncertainty, and investors don't like uncertainty."

Today should be a low volume day due to the public holiday both in US and UK. I have cautiously entered a short position on GBP/USD mid afternoon after monitoring the price action in the morning.

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