Friday, September 28, 2012

GBP/USD intraday: further advance.


Pivot: 1.621
Our preference: Long positions above 1.621 with targets @ 1.628 & 1.6305 in extension.
Alternative scenario: Below 1.621 look for further downside with 1.617 & 1.6130 as targets.
Comment: the pair has validated a bullish flag and should post further advance.

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 ...