Wednesday, September 12, 2012

GBP/USD intraday: the upside prevails.


Pivot: 1.6030.
Our Preference: LONG positions above 1.603 with 1.6095 & 1.611 as next targets.
Alternative scenario: The downside breakout of 1.603 will open the way to 1.5985 & 1.5955.
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 ...