Monday, July 20, 2009

Pound continues to enjoy the location of the bulls

The positive dynamics of equity markets continues to support the currency risk, while taking into account the very strong growth in the securities of banking sector, the growth has been among the leaders of the British pound, which is so far to break above $ 1.6520 Ofer some tests and now orders for the purchase of around $ 1.6550/60. Mood remains bovine, and break above will open the way for the next series of orders around $ 1.6585 and $ 1.6600/10, but dealers are encouraged to draw attention to the fact that short-term indicators point to strong perekuplennost pairs. According to the proximity of the Fibonacci resistance (76.4% of the reduction in annual maxima) on the background of the lack of significant news may become a pretext for a fixed short-term profit accounts, and in the absence of strong push above $ 1.6560 in the near future, the pound / dollar, they said, could return to $ 1.65, and possibly to $ 1.6480/60.

No comments: