Friday, September 18, 2009

Barclays Capital holds bearish forecast for the pound / dollar below 1.6465

Pare pound / dollar yesterday failed to overcome resistance at 1.6560, and the fall is now below the support, formed a cloud on the daily chart, may lead, analysts said Barclays Capital, a sharp change in the medium-and long-term prospects for couples. If today the pound / dollar closes below 1.6425, it will signal the fact that growth in 2009 is completed, with the reduction opens the way for a pair of well intraday time intervals to the levels of 1.6275 and 1.6115, and in the long run - to 1.57 and 1.53. The bank's strategy remain bearish outlook for the pound / dollar, until the couple kept below the level of 1.6465. At the moment couple pound / dollar traded at 1.6351.

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