GBP/USD 19 August 2008
GBP/USD 19 August 2008
1) Short-term Intraday analysis.
Due to Bloomberg data, Pound collapsed most for the past 37 years in August. Now downward movement has slowed and we see s support level at 1.955 with a resistance level just above 1.971. We are still out of market and we are waiting for any confirmed signs for buy signals.
Intraday sentiment: neutral
2) Weekly perspective.
First resistance level is at 1.872 with a support level just below 1.857. We are looking for buying pound if it closes above 1.871 by tomorrow.
Intraday sentiment: neutral
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