Trade Alerts, Trend Reports and Opinions by FX Options
British Pound: caution.
April 16, 2010 at 7:03 am • Posted in Daily Trend Report
British Pound
| Pivot: 64 |
| Our Scenario: Long positions above 64 with targets @ 68 & 70 in extension. |
| Alternative Scenario: Below 64 look for further downside with 63 & 61 as targets. |
| Comment: the pair is pulling back on its support, the RSI is mixed and calls for caution. |
| Option Strategy |
| Option ST |
1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
68 |
| Resistance2 |
70 |
| Resistance3 |
73 |
| Support1 |
64 |
| Support2 |
63 |
| Support3 |
61 |
