Tuesday, September 11, 2012

GBP/USD intraday: the upside prevails.


Pivot: 1.5975.
Our Preference: LONG positions above 1.5975 with 1.6015 & 1.6035 as next targets.
Alternative scenario: The downside penetration of 1.5975 will call for a slide towards 1.5945 & 1.591.
Comment: the pair is on the upside and is challenging its resistance.

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 ...