Wednesday, October 3, 2012

GBP/USD intraday: under pressure.


Pivot: 1.6165.
Our preference: SHORT positions below 1.6165 with 1.6065 with 1.6095 as next targets.
Alternative scenario: The upside penetration of 1.6165 will call for 1.6185 & 1.621.
Comment: as long as the resistance at 1.6165 is not surpassed, the risk of the break below 1.6095 remains high.

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