18th November 2008 Pound/Dollar analysis
GBP/USD 18th November 2008.
1) Short-term Intraday analysis.
Pound is still within downtrend from 1.665 down to current levels. We are definitely looking for mid-week closing above 1.51 for a trend break. Short-Term upward trading range has 1.474-1.489 as a bottom for the coming couple of days with 1.5058-1.5220 as a top of the current trading range.
Intraday sentiment: Neutral
2) Weekly perspective.
Week signs of upward trend are about to come on the surface. We will stand aside for a while until any strong signs are revealed.
Intraday sentiment: Neutral
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