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GBP/USD INTRADAY: THE UPSIDE PREVAILS.
2012-01-18 09:55:25

 

GBP/USD INTRADAY: THE UPSIDE PREVAILS.
Pivot: 1.5305

Most Likely Scenario: Long positions above 1.5305 with targets @ 1.54 & 1.5450 in extension.

Alternative scenario: Below 1.5305 look for further downside with 1.5270 & 1.5230 as targets.

Comment: the pair has broken above its declining trend line and is challenging its resistance.
 

 



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