Pound now has dropped to session highs, and while interest in the sale of $ 1.6300/90 was strong enough to allow the pair to stabilize, new attempts to increase again attracted sellers, whose orders are now seen around $ 1.6370/75. The pair now hold around $ 1.6339 and continues to feel the pressure, but Mizuho currency strategists believe that, while attempts to continue the downward adjustment should not be ruled out, bulls still too early to think about the retreat. The Bank draws attention to the fact that 50 and 200-day moving averages are close to the formation of bovine intersection, and the implementation thereof the first time in the past three years will be a positive signal for the British currency, suggesting the possibility of continuing the upward movement in the longer term.
No comments:
Post a Comment