Wednesday, September 26, 2012

GBP/USD MT: the upside prevails.


Pivot: 1.5750
Our preference: LONG  position above 1.5750 with targets at 1.645 or even 1.66.
Alternative scenario: A break below 1.5750 would call for further weakness to 1.5450.
Comment: the pair is facing a pull back ahead of 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 ...