Pound of April 28
Pound touched $ 1.6636 yesterday, the 16-month high. Factors underpinning the exchange rate: the United Kingdom in the first quarter GDP growth of 0.5%; global risk appetite; weak dollar sentiment. But the GBP / USD gains were limited for two main reasons: investors in the UK economy can withstand further cuts later this year, the Government feel worried about the test; U.S. first quarter GDP data released prior to market remains cautious. There are other notable data released by 2301 GMT, the UK April consumer confidence survey. The daily chart indicators bullish MACD bullish due to random targets remain high in the overbought region, indicating that the GBP / USD short-term will be sideways or higher. Resistance to see $ 1.6636 (yesterday's high); if the break will have around $ 1.6722 (Dec. 3, 2009 high), and then have to see $ 1.6877 (November 16, 2009 high), $ 1.7000 (mental spaces ) And $ 1.7042 (August 5, 2009 high). See support at $ 1.6500 (hourly chart support), and then look at 1.6433-1.6429 dollars range (low of yesterday's low and the composition of the range on Tuesday); if the fall would weaken the short-term bullish outlook, the exchange rate will test a low $ 1.6384 (April 21 At low), and then have to see $ 1.6306 (April 20 low), $ 1.6229 (April 19 low) and $ 1.6165 (April 18 low).
Pound touched $ 1.6636 yesterday, the 16-month high. Factors underpinning the exchange rate: the United Kingdom in the first quarter GDP growth of 0.5%; global risk appetite; weak dollar sentiment. But the GBP / USD gains were limited for two main reasons: investors in the UK economy can withstand further cuts later this year, the Government feel worried about the test; U.S. first quarter GDP data released prior to market remains cautious. There are other notable data released by 2301 GMT, the UK April consumer confidence survey. The daily chart indicators bullish MACD bullish due to random targets remain high in the overbought region, indicating that the GBP / USD short-term will be sideways or higher. Resistance to see $ 1.6636 (yesterday's high); if the break will have around $ 1.6722 (Dec. 3, 2009 high), and then have to see $ 1.6877 (November 16, 2009 high), $ 1.7000 (mental spaces ) And $ 1.7042 (August 5, 2009 high). See support at $ 1.6500 (hourly chart support), and then look at 1.6433-1.6429 dollars range (low of yesterday's low and the composition of the range on Tuesday); if the fall would weaken the short-term bullish outlook, the exchange rate will test a low $ 1.6384 (April 21 At low), and then have to see $ 1.6306 (April 20 low), $ 1.6229 (April 19 low) and $ 1.6165 (April 18 low).
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