Friday, September 14, 2012

GBP/USD intraday: further advance.


Pivot: 1.6125.
Our Preference: LONG positions @ 1.6135 with 1.621 & 1.6245 n sight.
Alternative scenario: The downside penetration of 1.6125 will call for a slide towards 1.61 & 1.6065.
Comment: the pair stands above its new support and remains on the upside.

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 ...