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Wednesday, 8 August 2012

2012.08.07 20:40:56 GBP/USD intraday: further upside.

GBP/USD intraday: further upside.

Update on supports and resistances.
Pivot: 1.5595

Our preference: Long positions above 1.5595 with targets @ 1.568 &
1.5705 in extension.

Alternative scenario: Below 1.5595 look for further downside with
1.5545 & 1.552 as targets.

Comment: the RSI is mixed with a bullish bias.

Key levels
1.573
1.5705
1.568
1.5639 last
1.5595
1.5545
1.552

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Time MA20 MA50 MA20_50 MACD_SL MACD_0 Bollinger RSI70 RSI30 Volume

07.08.2012 02:30 Down Down
06.08.2012 00:03 Up Up Up

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