Thursday, September 6, 2012

GBP/USD intraday: the upside prevails.


Pivot 1.5850.
Our Preference: LONG positions above 1.585 with 1.593 & 1.595 in sight.
Alternative scenario: The downside penetration of 1.585 will call for a slide towards 1.582 & 1.5795.
Comment: the pair remains on the upside and stands above its support.

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 ...