Couple pound / dollar on Wednesday was not able to close above the trendline at 1.6560, according to the analysts that Barclays Capital, said that the couple caught in a range between 1.62 and 1.66 levels. This development strategy has disappointed some who hoped to sell a couple at the higher levels to 1.6830 in the short term. Barclays Capital analysts are now leaning to the fact that the trade will be quite volatile, and changing the direction of a pair, but any movement below 1.6190 would signal that the rising trend of the pound / dollar has been completed. Now a pair of pound / dollar was at 1.6305.
Thursday, June 25, 2009
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