16 October 2008
GBP/USD 16 October 2008
Deep financial crisis continues. Markets are extremely volatile.
1) Short-term Intraday analysis.
We see a very strong resistance level at 1.76 for the past week. First support is at 1.72 level.
Intraday sentiment: bearish
2) Weekly perspective.
Pound continues its down movements from 2.0 levels in mid July. We expect pound to be within 1.68-1.76 for the next week.
Intraday sentiment: neutral
__________________
Advice you can Trust
Trumpgain Limited
|