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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

Wednesday, May 18, 2011

GBP/USD intraday: the upside prevails

Pivot: 1.6225.
Our Preference: LONG positions @ 1.6235 with targets @ 1.6325 & 1.6355.
Alternative scenario: The downside penetration of 1.6225 will call for 1.618 & 1.615.
Comment: the RSI is well directed, the pair should post further advance.

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