Thursday, 10 May 2012
2012.05.10 06:12:49 GBP/USD intraday: target 1.62.
GBP/USD intraday: target 1.62.
Update on supports and resistances.
Pivot: 1.6095
Our preference: Long positions above 1.6095 with targets @ 1.6170 & 1.62 in extension.
Alternative scenario: Below 1.6095 look for further downside with 1.6060 & 1.6025 as targets.
Comment: the RSI lacks downward momentum.
Key levels
1.6215
1.62
1.6170
1.6129 last
1.6095
1.6060
1.6025
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Time Candlestick Last Opinion Invalidation
09.05.2012 22:25 Hammer 1.6139 Up 1.607
08.05.2012 22:23 Tweezer bottom 1.6157 Up 1.612
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