Wednesday, October 3, 2012

GBP/USD intraday: the downside prevails.


Pivot: 1.614
Our preference: Short positions below 1.614 with targets @ 1.607 & 1.604 in extension.
Alternative scenario: Above 1.614 look for further upside with 1.6165 & 1.6185 as targets.
Comment: the break below 1.614 is a negative signal that has opened a path to 1.607.

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 ...