2012.05.07 04:28:01 GBP/USD intraday: under pressure.

GBP/USD intraday: under pressure. Update on supports and resistances. Pivot: 1.6165 Our preference: Short positions below 1.6165 with targets @ 1.61 & 1.608 in extension. Alternative scenario: Above 1.6165 look for further upside with 1.62 & 1.624 as targets. Comment: the RSI is bearish and calls for further decline. Key levels 1.624 1.62 1.6165 1.6119 last 1.61 1.608 1.6025 Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011