Thursday, January 7, 2010

Pound declines before the decision of the Bank of England rates

Pound fell against the dollar at today's Asian session, before the Bank of England decision on rates, which will be published today. On the other hand, the dollar fell somewhat against the Japanese yen after yesterday's growth since the FOMC minutes showed that unemployment in the United States remains a serious concern.

Euro / dollar eased slightly in Asian session today, to the level of 1.4384. Pare supported at 1.4340, with resistance at 1.4435. According to a four-Momentum general direction today - downward, and the couple can break the support and attain the level of 1.4270. Today in the euro area will be released data on retail sales and consumer confidence, which may affect the bidding.

Pair Pound / dollar also eased slightly to 1.5973 level, bargaining is currently around 1.5990. Yesterday pair dropped to the level of 1.5935, which found strong support. Today, a pair of supports at 1.5900 and resistance at 1.6020. If a couple breaks support, we can see the exchange rate at 1.5835, and the daily stochastic is supported downward movement.

Finally, the dollar gained against the Japanese yen, reaching 92.10. Today, support can be found at 91,80, and resistance at 92.50. Four-stochastic supports downward motion, but it can be somewhat difficult.

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