Pivot: 1.619 Our preference: Long positions above 1.619 with targets @ 1.6275 & 1.632 in extension. Alternative scenario: Below 1.619 look for further downside with 1.6130 & 1.61 as targets. Comment: the pair has rebounded on its support and should post further advance. |
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Friday, May 20, 2011
GBP/USD intraday: the upside prevails. (US Session)
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