Monday, September 24, 2012

GBP/USD intraday: under pressure.


Pivot: 1.625
Our preference: Short positions below 1.625 with targets @ 1.6195 & 1.616 in extension.
Alternative scenario: Above 1.625 look for further upside with 1.627 & 1.631 as targets.
Comment: the pair is rebounding but stands below its resistance.

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