Friday, September 28, 2012

GBP/USD intraday: further advance.


Comment: the pair has validated a bullish flag and should post further advance.
Pivot: 1.6210.
Our preference: SHORT  positions below 1.621 with 1.621 & 1.617 as next targets.
Alternative scenario: The upside breakout of 1.621 will open the way to 1.6205 & 1.634.
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 ...