Thursday, February 11, 2010

Barclays Capital: pound / dollar remains in a bearish trend

According to currency analysts Barclays Capital, until the pound / dollar is kept below the resistance in the area 1.5850/1.59, the downtrend will remain in force. As an important support for the bank's strategy put 1.5545/25 area, in the case of a breakthrough that downward movement may continue to a level of 1.5275, and then to a mark 1.4685. Currently pound / dollar traded at 1.5622. Couple rapidly recovered from earlier reached sessional minima around 1.5560 to the 1.5655 level against the background of interest in selling in the euro / pound and is now kept in the field of 1.5620/25. According to dealers, Offer noted in the 1.5655/65 area, bids placed on the approach to the level of 1.5610 and then near 1.5600.

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