stop a b/e looks like it may pull back a bit more to 19640, but i dont really want to hold a position when they announce the new Interest rate for UK.
thats some pump on the GBP - wasn't expecting that move stop up to 19560. i may let this ride through the news as there's a lot more room now than i expected.
my stop will give me 35 pts profit. I expect to see 19620-19640 , so i've placed a profit order at that point. well thats the plan, lets see what happens....
stopped at 19560 +35 will look for another trade after the news is out at 12pm (7.am CET). I will be looking for a long position, unless it goes below 19540.
I agree with you - 1.9540 is a key level of support that's been in place since early this year. Check out the daily chart > http://www.tradinggroove.com/post/2008/05/Pin-Bar-on-GBPUSD-Near-Support.aspx. I'll be going long if we break today's high.