U.S. dollar appreciation marked the first Asian session of the current week, the price tested the lower limit of the upward trend which is in favor of the British pound. Passing trend line and a new rise in sterling will direct quotes in opposition to 1.5352, which in the case of a deal will enable the test in the area of the key level at 1.5475. In return option, however, hold the price in periods 7 and 14 MA and move into the lower limit of the upward channel will direct traffic to support 1.5067 and 1.4940 in the case of overcoming the first.
Wednesday, June 10, 2009
GBP/USD
U.S. dollar appreciation marked the first Asian session of the current week, the price tested the lower limit of the upward trend which is in favor of the British pound. Passing trend line and a new rise in sterling will direct quotes in opposition to 1.5352, which in the case of a deal will enable the test in the area of the key level at 1.5475. In return option, however, hold the price in periods 7 and 14 MA and move into the lower limit of the upward channel will direct traffic to support 1.5067 and 1.4940 in the case of overcoming the first.
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