GBPUSD - Intraday Strategy (29 Jan 2013)
Pivot: 1.5725
Recommendation: SHORT positions below 1.5725 with 1.5675 & 1.5640 as next targets.
Alternative scenario: The upside breakout of 1.5725 will call for a rebound to 1.5825.
Comment:As long as 1.5725 holds the pair remains under pressure with further risk to the downside , an hourly close above 1.5725 will reverse risks to the upside and target 1.5770/1.5825 levels.
Best Regards
Haitham
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Comment by adebayo kazeem on January 29, 2013 at 11:10am -
THAT CONFIRM MY POSITION ON GU.THNK BRA
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Comment by Haitham653 on January 29, 2013 at 6:18pm -
First target of long trade reached, If today's high is breached tomorrow by 5 pips, more gains are suggested to the key resistance 1.5892...
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Comment by Haitham653 on January 30, 2013 at 3:54pm
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Look how 1.5725 separated between up and down , the pair dipped today to 1.5724 then flew to 1.5798 levels..
Comment
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