Wednesday, March 10, 2010

Sterling under more pressure

Sterling under more pressure

Ongoing speculation that profits earned overseas by Japanese companies is finding its way home before the fiscal year-end is lifting the yen on Tuesday.
At the same time Asian stocks are commemorating the one-year anniversary of the lowest closing point of the bear market for stocks with a down day, also providing a knee-jerk bid to [...]

GBP/USD Plummets to 10 Month Low – Update

From current levels, 1.4885, the pair finds initial resistance at 1.937, followed by 1.4984, and 1.5031.

GBP/USD resistance seen at 1.5461

From current levels, 1.5310, the pair finds initial resistance at 1.5350, followed by 1.5399, and 1.5477.

GBP/USD drifting lower as it awaits BoE report

From current levels, 1.5674, the pair finds initial resistance at 1.5740, followed by 1.5800, and 1.5866.

GBP/USD pressured ahead of the BoE inflation report

From current levels, 1.5570, the pair finds initial resistance at 1.5660, followed by 1.5740, and 1.5805.

GBP/USD eyes 1.5350

From current levels, 1.5580, the pair finds initial resistance at 1.5660, followed by 1.5740, and 1.5805.

GBP/USD decline extends to 1.5850

From current levels, 1.5874, the pair finds initial resistance at 1.5979, followed by 1.6017, 1.6056 and 1.6112.

GBP/USD rebound extends to 1.6245

From current levels, 1.6235, the pair finds initial support at 1.6175, followed by 1.6160 and 1.6109.