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Market Trend (EU Pair n Cross)


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Market Trend (USD Pair n Cross))


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Forex Market Movement

Tuesday, May 17, 2011

GBP/USD intraday: rebound expected.

Pivot: 1.622
Our preference: Long positions above 1.622 with targets @ 1.6275 & 1.6325 in extension.
Alternative scenario: Below 1.622 look for further downside with 1.618 & 1.615 as targets.
Comment: the pair is pulling back on its support ahead of a rebound.

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