Friday, July 20, 2012

GBP/USD Jul 20-2012


Trade Idea GBP/USD intraday: further advance.

Pivot: 1.5660.
Our Preference: LONG positions @ 1.567 with 1.5755 & 1.58 as next targets.
Alternative scenario: The downside penetration of 1.566 will call for 1.562 & 1.5575.
Comment: the pair has validated a triangle pattern 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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