Friday, July 24, 2009

Pound / dollar. Mood remains negative

Pound / dollar was able to take orders for the purchase of around $ 1.6430 and the fixing of profit accounts for short-term stabilization, but the subsequent rebound above forced sellers whose warrant is now seen around $ 1.6480, $ 1.6495 and $ 1.6520, to intensify, and now a couple again pressures minima session. Dealers noted that, while the latter has been able to keep a couple of further decline, the market appeared rumors that are located below a large foot, while walking the talk that the break below $ 1.6400/90 may entail additional more substantial elimination of long positions, opening the way to the lower levels.

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