Tuesday, September 11, 2012

GBP/USD intraday: the upside prevails.


Pivot: 1.5975
Our preference: Long positions above 1.5975 with targets @ 1.6055 & 1.6055 in extension.
Alternative scenario: Below 1.5975 look for further downside with 1.5945 & 1.591 as targets.
Comment: the pair remains on the upside and is approaching 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 ...