Date: 2009/06/23
Time: 09:56 (GMT +2)
Ticker: GBP
Last: 1.629
Pivot: 1.64
1st sup. 1.625
2nd sup. 1.619
3rd sup. 1.61
1st res. 1.64
2nd res. 1.645
3rd res. 1.652
Title: GBP/USD intraday: the downside prevails.
Summary: Update on supports and resistances.
Story: Pivot: 1.64
Our preference: Short positions below 1.64 with targets @ 1.625 & 1.619 in extension.
Alternative scenario: Above 1.64 look for further upside with 1.645 & 1.652 as targets.
Comment: the RSI is capped by a MT declining trend line, the pair should face a further weakness.
Time: 09:56 (GMT +2)
Ticker: GBP
Last: 1.629
Pivot: 1.64
1st sup. 1.625
2nd sup. 1.619
3rd sup. 1.61
1st res. 1.64
2nd res. 1.645
3rd res. 1.652
Title: GBP/USD intraday: the downside prevails.
Summary: Update on supports and resistances.
Story: Pivot: 1.64
Our preference: Short positions below 1.64 with targets @ 1.625 & 1.619 in extension.
Alternative scenario: Above 1.64 look for further upside with 1.645 & 1.652 as targets.
Comment: the RSI is capped by a MT declining trend line, the pair should face a further weakness.