Monday, October 15, 2012

GBP/USD intraday: the downside prevails.


Pivot: 1.6070.
Our preference: SHORT positions below 1.607 with 1.602 & 1.6 in sight.
Alternative scenario: The upside penetration of 1.607 will call for a rebound towards 1.61 & 1.612.
Comment: the pair has validated a bearish flag.

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 ...