Tuesday, July 17, 2012

GBP/USD Jul 17-2012

Trade Idea GBP/USD intraday: the upside prevails.

Pivot: 1.5590.
Our Preference: LONG positions @ 1.56 with 1.5675 & 1.571 in sight.
Alternative scenario: The downside penetration of 1.559 will call for a slide towards 1.5545 & 1.552.
Comment: the pair has broken above its previous high and remains on the upside.

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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