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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

Thursday, May 12, 2011

GBP/USD intraday: under pressure. (Pre Europe session)

Pivot: 1.6440.
Our Preference: SHORT positions @ 1.643 with 1.632 & 1.627 as next targets.
Alternative scenario: The upside breakout of 1.644 will open the way to 1.6515 & 1.655.
Comment: the RSI broke below a bullish trend line.

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