Wednesday, December 23, 2009

Bears continue to monitor the situation in the pound / dollar

In anticipation of the publication of data from the British pound felt the increased pressure and sank to fresh session lows near $ 1.5925, but given the nature of the relatively good news from Albion, the pair then managed to jump higher. However, attempts to seize the initiative until the bulls still looks viable, the mood in the pound / dollar remains negative, and, meeting resistance from the Ofer, remaining in the region $ 1.5960/65, the pair again turned lower. Bids remain in the area of $ 1.5925/20, but below you can see a small foot, while a stop order, by hearsay, and are placed below the figure. Offer, meanwhile, in addition to $ 1.5960/65 also visible around $ 1.5980/85 and $ 1.5995/00, but dealers say that for some weakening of the negative attitude of the British currency, must return above $ 1.6030/50.

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