GBP/USD intraday: rebound expected. |
Pivot: 1.634 Our preference: Long positions above 1.634 with targets @ 1.6455 & 1.6505 in extension. Alternative scenario: Below 1.634 look for further downside with 1.6275 & 1.6225 as targets. Comment: the RSI is supported by a rising trend line, the pair is pulling back on its support ahead of a rebound. |
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Monday, May 9, 2011
GBPUSD intraday : rebound expected
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