Thursday, July 23, 2009

Mizuho sees opportunity for growth in the pound / dollar

After two days downward correction from the peak on Monday, set at a level 1.6555, the British pound found support at 1.6310 and early European session, returned to the area near the 1.6500 level. According to analysts Mizuho, a pair of pound / dollar is trying to determine the direction. However, the bank believes that this trend may well continue to be ascending. According to foreign analysts Mizuho, the pound / dollar is near the top of model "triangle". Yesterday, in the chart, a candle "dozhi with shipoobraznym minimum, which shows a pair of attempts to determine the direction and the possibility of break up. Regarding the longer term, the bank believes that a week-long closure will ensure higher levels of 1.6600 pound / dollar-needed impetus for good growth. Now a pair of pound / dollar was at 1.6504.

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