Thursday, September 27, 2012

GBP/USD intraday: under pressure


Pivot: 1.6210.
Our preference: SHORT positions below 1.621 with targets @ 1.613 & 1.61.
Alternative scenario: The upside penetration of 1.621 will call for a rebound towards 1.6235 & 1.626.
Comment:  the pair is posting a rebound but stands below its new resistance.

By at

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 ...

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