Tuesday, September 25, 2012

GBP/USD intraday: under pressure.


Pivot: 1.627
Our preference: Short positions below 1.627 with targets @ 1.621 & 1.6185 in extension.
Alternative scenario: Above 1.627 look for further upside with 1.629 & 1.631 as targets.
Comment: the pair stands below its new resistance and remains under pressure.

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 ...