Monday, September 21, 2009

Barclays Capital:pound / dollar mood remains negative

As the analysts Barclays Capital, the indicators on the charts pound / dollar continues to serve bearish signals on the medium and long term. In addition, last week the pair closed below the support, formed a cloud on the daily chart, indicating a possible completion develops during the 2009 uptrend pound / dollar. Bank currency strategist noted that a key support in the pair is near the recent lows at 1.6110 - a breakthrough at this level will mark the completion of the formation of a large model of the "head and shoulders" with the prospect of further reduction of a pair of 1.53 and 1.58. Analysts say the bank, possible consolidation pound / dollar below 1.6465, however, until the couple is held above the 1.6110 mark, any increase should be seen as a good opportunity for sale. At the moment pair Pound / dollar is at 1.6173.

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