Tuesday, October 2, 2012

GBP/USD intraday: caution.


Pivot: 1.617
Our preference: Short positions below 1.617 with targets @ 1.6105 & 1.607 in extension.
Alternative scenario: Above 1.617 look for further upside with 1.621 & 1.6245 as targets.
Comment: as long as the resistance at 1.617 is not surpassed, the risk of the break below 1.6105 remains high.

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 ...