Tuesday, July 31, 2012

GBP/USD Jul 31 -2012


Trade Idea GBP/USD intraday: intraday support around 1.566.

Pivot: 1.566
Our preference: Long positions above 1.566 with targets @ 1.5775 & 1.58 in extension.
Alternative scenario: Below 1.566 look for further downside with 1.563 & 1.559 as targets.
Comment: a support base at 1.566 has formed and has allowed for a temporary stabilisation.



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. Visit Us www.deryworldscorp.web.id

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