Our preference: LONG positions above 1.608 with 1.615 & 1.618 as next targets.
Alternative scenario: The downside breakout of 1.608 will open the way to 1.605 & 1.6025.
Comment: the pair is facing a pull back on its support.
GBP/USD intraday: the upside prevails. 26/10/12
Pivot: 1.6080.
Our preference: LONG positions above 1.608 with 1.615 & 1.618 as next targets.
Alternative scenario: The downside breakout of 1.608 will open the way to 1.605 & 1.6025.
Comment: the pair is facing a pull back on its support.
Our preference: LONG positions above 1.608 with 1.615 & 1.618 as next targets.
Alternative scenario: The downside breakout of 1.608 will open the way to 1.605 & 1.6025.
Comment: the pair is facing a pull back on its support.
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