GBP/USD intraday: the upside prevails

30/08/2010 8:16:00

Story: Pivot: 1.5465.

LONG positions 1.5475 with 1.555 & 1.56 as next targets.

Alternative scenario: The downside penetration of 1.5465 will call for a slide towards 1.5425 & 1.5375.

The pair is on the upside and is challenging its resistance.

Key levels:

1.5625 Intraday resistance
1.56 Intraday resistance
1.555 Intraday resistance
1.5524 Last
1.5465 Intraday pivot point
1.5425 Intraday support
1.5375 Intraday support