| GBP/USD INTRADAY: REBOUND EXPECTED. |
| Pivot: 1.6225. Most Likely Scenario: LONG positions @ 1.6235 with 1.632 & 1.6365 as next targets. Alternative scenario: The downside penetration of 1.6225 will call for 1.6175 & 1.6135. Comment: The pair stands above its support and should post a rebound.  Risk Warning:FOREX, which are leveraged products, incur a high level of risk and can result in the loss of all your invested capital. Therefore,FOREX may not be suitable for all investors. You should not risk more than you are prepared to lose. Before deciding to trade, please ensure you understand the risks involved and take into account your level of experience. Seek independent advice if necessary. |
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