GBP/USD intraday: bullish bias above 1.6385.

forex.nick

Active Trader
Jun 23, 2009
10
0
32
Date: 2009/06/23
Time: 22:35 (GMT +2)
Ticker: GBP
Last: 1.646
Pivot: 1.6385
1st sup. 1.6385
2nd sup. 1.633
3rd sup. 1.6275
1st res. 1.656
2nd res. 1.66
3rd res. 1.6625

Title: GBP/USD intraday: bullish bias above 1.6385.
Summary: Update on supports and resistances.
Story: Pivot: 1.6385

Our preference: Long positions above 1.6385 with targets @ 1.656 & 1.66 in extension.

Alternative scenario: Below 1.6385 look for further downside with 1.633 & 1.6275 as targets.

Comment: the RSI is bullish and calls for further upside.