GBP/USD 10.02.2009

Date: 2009/02/10
Time: 07:30 (GMT +2)
Ticker: GBP
Last: 1.4831
Pivot: 1.47
1st sup. 1.47
2nd sup. 1.46
3rd sup. 1.45
1st res. 1.498
2nd res. 1.51
3rd res. 1.5245

Title: GBP/USD intraday: rebound expected.
Summary: Update on supports and resistances.
Story: Pivot: 1.4700.

Our Preference: LONG positions @ 1.471 with 1.498 & 1.51 as next targets.

Alternative scenario: The downside penetration of 1.47 will call for 1.46 & 1.45.

Comment: the RSI is on the downside, the pair should pull back on its MT bullish channel lower boundary ahead of a rebound.

Trend: ST Consolidation; MT Bearish

Key levels Comment

1.5245** Intraday resistance
1.51** Intraday resistance
1.498** Intraday resistance
1.4831 Last
1.47** Intraday pivot point
1.46** Intraday support
1.45** Intraday support