British Pound Cross Pick 07.09.09

[B]My picks:[/B] Pending Long GBP/CHF
[B]Expertise:[/B] Fundamentals and Technicals
[B]Average Time Frame of Trades:[/B] 2 - 10 Days

Keeping up with the long GBP/CHF recommendation from the previous week, the pair failed to move in my favor, and I ended up gaining 90pips on the buy entry I placed at 1.7652 however, the second entry I placed at 1.7819 failed to work out as planned, which triggered a loss of 60pips. As the pair continued to hold a broad range and finds support at 1.7500-10 (61.8% Fib of 1.5124-1.8976), I have placed another buy entry at 1.7715, the 6/3 high, and placed the target at 1.8014, the 6/29 high, with the stop at 1.7623, the 6/1 high.