Monday, September 17, 2012

GBP/USD intraday: further advance.


Pivot:1.6170.
Our preference: LONG positions @ 1.618 with targets @ 1.626 & 1.63.
Alternative scenario: The downside breakout of 1.617 will open the way to 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 ...