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Market Trend (EU Pair n Cross)


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Market Trend (USD Pair n Cross))


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Trading Update By ForexCycle

Forex Market Movement

Wednesday, May 11, 2011

GBP/USD intraday: rebound expected (Pre Europe session)

Pivot: 1.6310.
Our Preference: LONG positions @ 1.632 with 1.642 & 1.6465 in sight.
Alternative scenario: The downside penetration of 1.631 will call for 1.627 & 1.623.
Comment: the RSI is supported by a rising trend line.

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