2012.07.20 05:36:43 GBP/USD intraday: bullish bias above 1.566.

GBP/USD intraday: bullish bias above 1.566.

Update on supports and resistances.
Pivot: 1.566

Our preference: Long positions above 1.566 with targets @ 1.5755 &
1.58 in extension.

Alternative scenario: Below 1.566 look for further downside with 1.562
& 1.5575 as targets.

Comment: the RSI is around its neutrality area at 50%

Key levels
1.585
1.58
1.5755
1.5703 last
1.566
1.562
1.5575


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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume

17.07.2012 22:45 Up
16.07.2012 22:45 Up Up

Time Candlestick Last Opinion Invalidation
17.07.2012 23:10 Hanging man 1.5651 Down 1.568