Tuesday, September 25, 2012

GBP/USD intraday: caution.


Pivot: 1.625
Our preference: Short positions below 1.625 with targets @ 1.621 & 1.6185 in extension.
Alternative scenario: Above 1,625 look for further upside with 1.627 & 1.631 as targets.
Comment: the pair is rebounding and is challenging its resistance, caution.

USDCHF Technical Analysis - Sell at 0.9955

USDCHF made a nice bull move from 0.9716 to 0.9990. Then USDCHF drops from over bought zone. USDCHF is trading below its 20 period MA on 4h ...