GBP/USD               6/3/2013

1 week Trend:   (=) 1 month Trend:  (=)
GBP/USD intraday: under pressure.
Pivot: 1.515

Our preference: Short positions below 1.515 with targets @ 1.5075 & 1.504 in extension.

Alternative scenario: Above 1.515 look for further upside with 1.518 & 1.522 as targets.

Comment: the pair has struck against its resistance and remains under pressure as the RSI is badly directed.

Key levels
1.522
1.518
1.515
1.5114 last
1.5075
1.504
1.4995

EUR/USD                    6/3/2013

1 week Trend:  (=)  1 month Trend:  (=)
EUR/USD intraday: the bias remains bullish.
Pivot: 1.301

Our preference: Long positions above 1.301 with targets @ 1.3075 & 1.3095 in extension.

Alternative scenario: Below 1.301 look for further downside with 1.297 & 1.2945 as targets.

Comment: the pair has struck against its resistance and is facing a pull back ahead of further advance.

Key levels
1.313
1.3095
1.3075
1.3046 last
1.301
1.297
1.2945

EUR/GBP                    6/3/2013

1 week Trend:  (=)  1 month Trend:   (=)
EUR/GBP intraday: the bias remains bullish.
Pivot: 0.8595

Our preference: Long positions above 0.8595 with targets @ 0.866 & 0.868 in extension.

Alternative scenario: Below 0.8595 look for further downside with 0.857 & 0.854 as targets.

Comment: the pair is breaking above a declining trend line and should post further advance, the RSI stands above its neutrality area and remains well directed.

Key levels
0.8705
0.868
0.866
0.86327 last
0.8595
0.857
0.854

Technical Analysis – Time MetaTrader4