2010-07-05

Comment, recommendations, signals for forex traiders - currency GBP/USD intraday

GBP/USD intraday: expect 1.523.
Pivot: 1.513
MY preference: Long positions above 1.513 with targets @ 1.523 & 1.5285 in extension.
Alternative scenario: Below 1.513 look for further downside with 1.51 & 1.505 as targets.
Comment: the pair is standing above its support, the RSI lacks downward momentum.

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