14 August 2008 Pound sterling
GBP/USD 14 August 2008
1) Short-term Intraday analysis.
We see intraday support level at 1.868 with 1.873 as a resistance level. We are expecting further slipping down under the pressure of bad UK news yesterday.
On the other hand, any confirmed movements above 1.88 could signify about beginning of a upward trend.
Intraday sentiment: neutral
2) Weekly perspective.
Very sharp drop from 2.01 to 1.86 levels for the past 14 days gives no any support level for further sinking.
Intraday sentiment: neutral
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