Wednesday, September 19, 2012

GBP/USD intraday: the upside prevails.


Pivot: 1.623
Our preference: Long positions above 1.623 with targets @ 1.627 & 1.63 in extension.
Alternative scenario: Below 1.623 look for further downside with 1.62 & 1.617 as targets.
Comment: the pair is rebounding on its support as the RSI is turning up.

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