An opportunity exists to sell GBP/USD pair at the current market levels. Details are outlined below.
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CIS* Alert Service
Title and Code: CIS* Alert Service, C003AS
Date: Monday May 31, 2010
Action: Sell 2 units GBP/USD at current levels ($1.4518)
Stop Loss: $1.47
Take Profit: $1.40 (looking for 1.35 in extension)
CIS* Complimentary Investment Strategy
: res
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Commentary:
In long-term down trend. Further rise could be seen, but expected to be contained by well-established areas of resistance.
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From the Desk of
Aaron Reid
Forex Strategist
BDI PowerGroup
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