Trade Alerts, Trend Reports and Opinions by FX Options
British Pound: the upside prevails.
March 10, 2010 at 6:55 am • Posted in Daily Trend Report
British Pound
| Pivot: 65 |
| Our Scenario: Long positions above 65 with targets @ 68 & 70 in extension. |
| Alternative Scenario: Below 65 look for further downside with 63 & 61 as targets. |
| Comment: the pair has rebounded on its new support as the RSI stands within a bullish channel. |
| Option Strategy |
| Option ST |
1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
68 |
| Resistance2 |
70 |
| Resistance3 |
73 |
| Support1 |
65 |
| Support2 |
63 |
| Support3 |
61 |
