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Wednesday, 9 May 2012

2012.05.09 06:11:36 GBP/USD intraday: under pressure.

GBP/USD intraday: under pressure. Update on supports and resistances. Pivot: 1.617 Our preference: Short positions below 1.617 with targets @ 1.611 & 1.608 in extension. Alternative scenario: Above 1.617 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 1.617 1.6133 last 1.611 1.608 1.6025 Trading Central recommends MT5 to publish FX charts Copyright Trading Central 1999-2011 Time Candlestick Last Opinion Invalidation 08.05.2012 22:23 Tweezer bottom 1.6157 Up 1.612

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