Thursday, July 16, 2009

Bulls on the pound do not lose hope for the resumption of growth

Attempts to increase the British currency remains limited, and the market in the meantime you can hear more talk about the stop order below the minimum skaplivanii session near $ 1.6350, the performance of which can be a catalyst to further drop to $ 1.6325/20 and $ 1.6300, which was a strong interest in buying. Currency strategists Barclays Capital, meanwhile, note that this event threatens to bury hopes of the bulls on the development of offensive and will involve the resumption of trading band. In the meantime, according to the bank, the prospects for the pound / dollar remains positive and we can hope for upward movement in the direction of $ 1.6490 and $ 1.6585. Surrounding Ofer reported about $ 1.6410/15, further orders for the sale are in the area of $ 1.6435/40 and around $ 1.6460/65.

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