Pivot: 1.633 Our preference: Short positions below 1.633 with targets @ 1.623 & 1.617 in extension. Alternative scenario: Above 1.633 look for further upside with 1.638 & 1.644 as targets. Comment: the break below 1.633 is a negative signal that has opened a path to 1.623. |
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Thursday, May 12, 2011
GBP/USD intraday: key ST resistance at 1.633. (Pre US Session)
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