GBPUSD-13:15 (CET)

20 November 2009 @ 07:53 am EDT

The cable is near 1.6470, potential upwards rebound area, given the largest demand of the US dollar as a safe haven. The pair is now trading at 1.6480 dollars per pound

The bands of Bollinger show a volatility of 170 pips in the hour, while the RSI is clearly oversold. If the cable climbs, the next resistance is found at 1.6512 dollars per pound.

Copyright 2009, Advanced Currency Markets SA, Forex Broker, All Rights Reserved

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