GBP/USD Outlook 1/03/2010 of FXCBS
The pound tumbled heavily in markets against the U.S dollar, since polls revealed that the United Kingdom
might have had a hard time narrowing their budget deficit, which
therefore might weigh on growth prospects. The Sterling against U.S
dollar is currently traded at 1.48801 between the support of 1.48500
and the resistance of 1.49650, while recording a high of 1.52031 and a
low of 1.47805. Stochastic indicators for one hours candle show
oversold area while there is low volume in the markets.
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Senior Analyst / Ali Hasan /FXCBS
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therefore might weigh on growth prospects. The Sterling against U.S
dollar is currently traded at 1.48801 between the support of 1.48500
and the resistance of 1.49650, while recording a high of 1.52031 and a
low of 1.47805. Stochastic indicators for one hours candle show
oversold area while there is low volume in the markets.
Feeds | Latest News | Reports | Analysis | FXCBS
Senior Analyst / Ali Hasan /FXCBS
Newsletter
Forex ECN Broker|Currency Online Trading| Low Spread| Free Trading Software
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