GBP/USD intraday: under pressure

on Thursday, November 17, 2011

Pivot: 1.5825.

Most Likely Scenario: SHORT positions below 1.5825 with targets @ 1.568 & 1.566.

Alternative scenario: The upside penetration of 1.5825 will call for a rebound towards 1.5875 & 1.593.

Comment: The pair is pulling back on its new resistance ahead of further weakness.

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