Tuesday, May 19, 2009

RBS on the prospects for the pound / dollar

Pound / dollar consolidated in a key Fibonacci resistance at 1.5472, which, according to analysts RBS, is a crucial point in the motion of a pair. With confidence hour closing above 1.55 is possible continued upward movement of 1.6040 and 1.6132. Otherwise, believe in the bank, threatening the trendline support comes at 1.4869. Pound / dollar is now trading at 1.5484, down from an annual peak at the 1.5501 level reached during the day.

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