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Thursday, 2 August 2012

2012.08.02 03:58:57 GBP/USD intraday: under pressure.

GBP/USD intraday: under pressure.

Update on supports and resistances.
Pivot: 1.5615

Our preference: Short positions below 1.5615 with targets @ 1.5515 &
1.5470 in extension.

Alternative scenario: Above 1.5615 look for further upside with 1.564
& 1.567 as targets.

Comment: the RSI is bearish and calls for further downside.

Key levels
1.567
1.564
1.5615
1.5531 last
1.5515
1.5470
1.5425

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