Wednesday, September 12, 2012

GBP/USD intraday: further advance.


Pivot: 1.606
Our preference: Long positions above 1.606 with targets @ 1.613 & 1.617 in extension.
Alternative scenario: Below 1.606 look for further downside with 1.603 & 1.5985 as targets.
Comment: the pair remains on the upside and is challenging its previous high.

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 ...