Forex Trading Signal – US Dollar Falls

Written by forexwatch on 15 October 2009

The US Dollar Falls

The US Dollar fell after reports of Persian Gulf states and countries including Japan, Russia and China discussed dropping the U.S. currency for oil trades.

GBPUSD Trading Signal

Technically, the most important resistance is at 1.6022 and 1.6123. If this resistance is broken, the GBPUSD will climb to 1.6199.

The Trading Signal for GBPUSD is as follows:

GBPUSD Short Position

Short Position at: 1.5990
Stop Loss at: 1.6060
Take Profit at: 1.5894 / 1.5840 / 1.5774 / 1.5746

OP, SL & TP at YOUR OWN RISKS

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