Wednesday, September 19, 2012

GBP/USD intraday: further advance.


Pivot: 1.6200.
Our preference: LONG positions above 1.62 with 1.627 & 1.63 as next targets.
Alternative scenario: The downside penetration of 1.62 will call for a slide towards 1.617 & 1.613.
Comment: the pair remains on the upside and is approaching its resistance.

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