GBPUSD – Intraday Strategy (02 Dec 2013)


Recommendations: LONG positions above 1.6395 with 1.6440 & 1.6470 as next targets.
Alternative scenario:The downside breakout of  1.6395 will call for a slide to 1.6360/320 .
Description: The pair finds support at 1.6395 levels, stability above this level will add pressure on the 1.6440 levels , break of 1.6440 would open 1.6470 ahead of 1.6520 levels.On the downside, losing 1.6395 would only delay the bullish move for retesting 1.6360/1.6320 levels before the next rise, to reverse risks to the downside,sustained trading below 1.6320 is needed,If seen ,It will target 1.6256/220 levels.


GBPUSD – Intraday Strategy (02 Dec 2013)




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