Thursday, July 19, 2012

GBP/ USD Jul 19-2012


Trade Idea GBP/USD intraday: further advance.

Pivot: 1.5610.
Our Preference: LONG positions @ 1.562 with targets @ 1.568 & 1.571.
Alternative scenario: The downside penetration of 1.561 will call for 1.5575 & 1.5545.
Comment: the pair is supported by a rising trend line and is approaching its resistance.



Disclaimer The analysis we provide is based on the average estimate of price movements in one day. Does not guarantee what we deliver is actually a proper and correct. Everything that happens in the decisions you make on your trading transaction is to be Your responsibilities.
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