Our system posted BUY CONFIRMED . The previous SELL recommendation that was confirmed was made on 20.08.2010 (19) days ago, when the stock price was 2.3605 . Since then GBP has fallen -0.87% .

BUY-IF is confirmed by a white candlestick with a higher open. The confirmation price is taken as this week's open ( 2.3220 ) according to Rules of Confirmation.

Patience pays off. The market wavered a week but finally confirmed the recent bullish formation. The dose of the previous week was not enough for a BUY-IF confirmation but this week it is. The week opened with a gap up and the price activity resulted in a close higher than the open. This is a valid confirmation criterion. The market is now ready for a bullish move.

We hope that you bought this . You should watch the upward gap in the beginning of the week, closely monitor the current confirmation status posted daily, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.

If you bought, continue to hold this until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the sessions during the week or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.

The market is currently cold for short-sellers. Avoid any short sales and cover the short positions if there are any.