Wednesday, October 3, 2012

GBP/USD intraday: under pressure.


Pivot: 1.6165.
Our preference: SHORT positions below 1.6165 with 1.6065 with 1.6095 as next targets.
Alternative scenario: The upside penetration of 1.6165 will call for 1.6185 & 1.621.
Comment: as long as the resistance at 1.6165 is not surpassed, the risk of the break below 1.6095 remains high.

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 ...