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Old 01-05-2009, 09:46 AM
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ooandajb ooandajb is offline
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Hello friends,

The indicators are showing only to take intraday trades and not to have any open position. The same i have with soem major pairs.

GBP/USD intraday: under pressure.
Pivot: 1.4660.
Our Preference: SHORT positions @ 1.465 with targets @ 1.445 & 1.44.
Alternative scenario: The upside penetration of 1.466 will call for a rebound towards 1.4765 & 1.48.
Comment: The 1.466 intermediary congestion areas maintain a downside pressure.
Trend: ST Consolidation; MT Bearish


EUR/USD intraday: the downside prevails.
Pivot: 1.3975.
Our Preference: SHORT positions @ 1.3965 with 1.3845 & 1.376 as next targets.
Alternative scenario: The upside penetration of 1.3975 will call for 1.405 & 1.41.
Comment: the pair is capped by a declining trend line, the RSI is under pressure.
Trend: ST Ltd Downside; MT Range

EUR/GBP intraday: turning down.
Pivot: 0.963
Our preference: Short positions below 0.963 with targets @ 0.9525 & 0.9475 in extension.
Alternative scenario: Above 0.963 look for further upside with 0.9675 & 0.9725 as targets.
Comment: the RSI has banged against a major resistance around 70% and is reversing down.
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