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GBP - USD MAY 19 2009 ( NOT TOUCH )

Stop & reverse executed at 1.5380 after a significant bullish outside day was seen yesterday. Price edged higher overnight but into London a sharp jolt north takes the pair through 1.5350 and 1.5400. Hourly studies are overbought but bullish momentum shows no sign of letting up as yet. Same scenario on the daily charts.

TODAY SIGNAL

TIME RELEASE : 3.06 PM ( M'SIA )

SELL : 1.5329 TARGET : 1.5318

* Don't forget to use stoploss

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