Monday, May 4, 2009

Pound / dollar. Dealers Comments

According to dealers, the British pound strengthened against the opening level of 1.4920 area 1.4980, breaking up the Friday session at 1.4945. However, with the opening of tenders in Europe again passed the position back to 1.4920. At this stage, resistance is taking place in the area of 1.4980 and then 1.5065 (maximum of 16 April), and 1.5080/90. As part of the downward movement, levels of support recorded in the area of 1.4885 and then to 1.4770 (maximum of 24 April).

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