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Trading Central GBP/USD 13/10/2011

Wednesday, October 12, 2011



13.10.2011 02:04 GMT+1 - GBP/USD intraday: the upside prevails.

Pivot: 1.569

Our preference: Long positions above 1.569 with targets @ 1.5825 & 1.5855 in extension.

Alternative scenario: Below 1.569 look for further downside with 1.565 & 1.561 as targets.

Comment: the RSI is above its neutrality area at 50%.

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