Thursday, November 13, 2008

GBP/USD intraday: consolidation

Pivot: 1.499
Our preference: Short @ 1.498 with targets @ 1.4805 & 1.477 in extension.
Alternative scenario: Above 1.499 look for further upside with 1.507 & 1.5165 as targets.
Comment: the RSI is capped by a bearish trend line.

No comments: