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GBP-1.8511 5th May,2006 Pre-European Update Pound moved higher towards1.8550 levels and we now expect that the current rally should find some resistance at 1.8580 levels for a corrective drift towards 1.8450 levels before any further attempts towards 1.8700 levels. We now prefer to sell the currency pair on any raise near 1.8580 levels for a drift down towards 1.8500 min and even 1.8450. Sell @ 1.8580 for 1.8500 min with stop above 1.8610. By N. Rajesh Kumar, Forex Leads, Email: rajesh@forexleads.com , # 3 G-1 Ambal Flats, Sathyavathi Nagar, Padi Chennai 600050, Phone: + 91 44 26549159  Fx-charts.com Disclaimer: The information contained on this website is subject to change without notice, views and opinions expressed on fx-charts.com may be those of individual authors and may not necessarily be the views of fx-charts.com or its officers and employees, we make no claim to the accuracy or timeliness of any information contained herein. We recommend obtaining advice from a suitably qualified financial advisor before entering into any financial transactions or agreements. The use of this website constitutes acceptance of our privacy policy, disclaimer and terms of use. This website is available for information and educational purposes only. |
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