| Global Interest Rates | |||
 Australia |
7.25% | ||
 Canada |
3.5% | ||
 EMU |
4% | ||
 Japan |
0.5% | ||
 Swiss |
2.75% | ||
 England |
5% | ||
 US |
2.25% | ||
Technicals
GBP/USD Technical Analysis 9 May 2008
GBP/USD 1.9516 - 9 May
The British Pound continued bouncing against the US Dollar at the 1.9500 level downwards, which is the first and apparently good support level for the currency couple today. If the negative sentiment continues, next support is expected at 1.9410, followed by 1.9330. In upward direction first resistance is expected at 1.9600, followed by 1.9720, and 1.9780.
Technical resistance levels: 1.9600 1.9720 1.9780
Technical support levels: 1.9500 1.9410 1.9330
Trading range: 1.9505 - 1.9570
Trend: Upward
Buy at 1.9516 SL 1.9486 TP 1.9556
Today we made already +20 pips profit on GBP/USD from the following signal:
6:02 GMT+1 Buy GBP/USD at 1.9550 SL 1.9524 TP 1.9610 exited at 7:03 GMT+1
Today so far +170, yesterday +131, as shown at www.zifx.com/performance.php
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