Wednesday, September 5, 2012

GBP/USD MT: the upside prevails.


Pivot: 1.5450
Our preference: LONG position above 1.5450 with targets at 1.5950 or even 1.61.
Alternative scenario: A break below 1.5450 would call for further weakness to 1.5250.
Comment: the pair remains on the upside and is approaching its net 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 ...