Yesterday, the British pound fell to 1.6380 marks to levels below 1.6000, breaking the support line of trend - analysts said Commerzbank, it allows you to speak with greater confidence that the peak was reached in a pair of 1.7040/50. The bank noted that yesterday the pound / dollar failed to overcome the 55-day moving average, which takes place at the level of 1.6462, and the couple took up the base of the channel. Bank currency strategist believe that a week-long closure of the pair below 1.6100 will be the basis for reducing the pound / dollar to the 1.5690/55 area, where the level of the Fibonacci Retracement and 55-week moving average - overcoming these levels, the couple rush to a mark 1.5270. The bank also believes that, while a pound / dollar is kept below 55-day moving average, the proposal will dominate the demand. At the moment couple pound / dollar traded at 1.5940.
Friday, September 25, 2009
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