Monday, July 16, 2012

GBP/USD Jul 16-2012


Trade Idea GBP/USD intraday: the upside prevails.

Pivot: 1.5535.
Our Preference: LONG positions @ 1.5545 with 1.559 & 1.562 as next targets.
Alternative scenario: The downside penetration of 1.5535 will call for a slide towards 1.55 & 1.5465.
Comment: the pair is on the upside and is challenging its previous high.


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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