Trade Alerts, Trend Reports and Opinions by FX Options
British Pound: the downside prevails.
January 23, 2011 at 11:49 pm • Posted in Daily Trend Report
British Pound
| Pivot: 65.5 |
| Our Scenario: Short positions below 65.5 with targets @ 61.35 & 60 in extension. |
| Alternative Scenario: Above 65.5 look for further upside with 67.5 & 70 as targets. |
| Comment: the pair is pushing below its support; the RSI is badly directed. |
| Option Strategy |
| Option ST |
-1 |
| Delta ST |
0 |
| opinion MT |
0 |
| Delta MT |
0 |
| Chart Levels |
| Resistance1 |
65.5 |
| Resistance2 |
67.5 |
| Resistance3 |
70 |
| Support1 |
61.35 |
| Support2 |
60 |
| Support3 |
58.65 |
