Monday, September 17, 2012

GBP/USD intraday: further advance.


Pivot: 1.617
Our preference: Long positions above 1.617 with targets @ 1.626 & 1.63 in extension.
Alternative scenario: Below 1.617 look for further downside with 1.61 & 1.6065 as targets.
Comment: the pair remains on the upside and should post further advance.

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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 ...