2012.05.09 07:20:36 GBP/USD intraday: under pressure.

GBP/USD intraday: under pressure. Update on supports and resistances. Pivot: 1.6170. Our Preference: SHORT positions @ 1.616 with targets @ 1.611 & 1.608. Alternative scenario: The upside breakout of 1.617 will open the way to 1.62 & 1.624. Comment: the pair remains under pressure and is challenging its support. Trend: ST Ltd Upside; MT Range Key levels Comment 1.624** Horizontal resistance 1.62*** Horizontal resistance 1.617*** Intraday pivot point 1.6135 Last 1.611*** Horizontal support 1.608** Horizontal support 1.6025** Horizontal support 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