Monday, 28 May 2012
2012.05.28 04:21:06 GBP/USD intraday: under pressure.
GBP/USD intraday: under pressure.
Update on supports and resistances.
Pivot: 1.57
Our preference: Short positions below 1.57 with targets @ 1.5625 & 1.56 in extension.
Alternative scenario: Above 1.57 look for further upside with 1.5740 & 1.5785 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.57.
Key levels
1.5785
1.5740
1.57
1.5694 last
1.5625
1.56
1.5555
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