GBP/USD intraday: capped by a negative trend line

Jul 06, 2012 07:35 am

haney398 User

Posts: 21
Member since: 05/07/2012

Pivot: 1.5570.

Our Preference: SHORT positions below 1.557 with 1.5485 & 1.547 in sight.

Alternative scenario: The upside penetration of 1.557 will call for 1.5605 & 1.5635.

Comment: the par and the RSI are capped by bearish trend lines

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