Trading Central USD/CHF, GBP/USD intraday

04.02.2013 11:40 GMT+1 - USD/CHF intraday: key ST resistance at 0.9125.

Pivot: 0.9125
Our preference: Short positions below 0.9125 with targets @ 0.9015 & 0.897 in extension.
Alternative scenario: Above 0.9125 look for further upside with 0.917 & 0.919 as targets.
Comment: as long as 0.9125 is resistance, look for choppy price action with a bearish bias.

04.02.2013 11:40 GMT+1 - GBP/USD intraday: the downside prevails.

Pivot: 1.5775
Our preference: Short positions below 1.5775 with targets @ 1.567 & 1.5635 in extension.
Alternative scenario: Above 1.5775 look for further upside with 1.58 & 1.5845 as targets.
Comment: the upward potential is likely to be limited by the resistance at 1.5775.