GBPUSD - Intraday Strategy (13 Dec 2012)

Pivot: 1.6116

Recommendation: LONG positions above 1.6116 with 1.6170 & 1.6200 as next targets.
Alternative scenario: The downside breakout of 1.6116 will open the way to 1.6070/1.6035.
Comment:.The pair is strongly bullish as long as trades above 1.6116 levels, losing this level would weaken the current bullish run and open the way to 1.6070/35 levels..

Best Regards

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