Wednesday, September 10, 2008

Forex Buy/Sell Signals Choose GBPUSD Long

By David Rodriguez, Quantitative Analyst strategist@dailyfx.com
Our Forex Buy/Sell Trading Signals recently forecast British Pound advances against the US dollar, as both Breakout and Momentum systems gave buy indications on the GBPUSD. Our Momentum trading signal bought the GBPUSD at 1.7652, setting stops at 1.7404, while Breakout bought GBPUSD at 1.7681 and set its initial stops at 1.7504. Given our recent British Pound Analyst Picks, these seem like viable trade ideas. See more Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates on these specific signals, as our automated forex signals can and do change on a daily and intraday basis.

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