Pound exchange rate carries a massive consolidation to dollar

Pound / dollar exchange rate continues to consolidate

In brief: Dollar exchange rate continues to decline with rising pound and new data from the U.S. economy.

The pound exchange rate increases today. Pound / dollar continues to consolidate into a shrinking range, steady yesterday in early European session, and is currently trading near $ 1.5275, feeling the pressure if Offered at $ 1.5280/85, while the support it has received bids of $ 1.5255/50.

Dealers noted that the pair this week managed to remain within the correctional trend, but in recent days the British currency has demonstrated the absence of much progress in an upward motion, and while short-term prospects look uncertain. The above figures visible foot, execution of which can support a recovery in the ranks of buyers, but to improve their mood, it seems, still need a certain leap above $ 1.5350. Meanwhile, the foot can be seen and below support at $ 1.5250, a loss which jeopardize the bids around $ 1.5235/30 (below the big feet) and at around $ 1.5200, while the whole gunpoint Bears will again be supporting the line with a minimum of June near $ 1.5160.

Anrey Torbinski
2010-07-23 08:38, Currency news.

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