Daily Marker Overview: GBP/USD - Technical Analysis - Dukascopy Bank

Fri, 25 Nov 2011 16:18:52 GMT
Source: Dukascopy
 
© Dukascopy

Daily maximum: 1.5517

Daily minimum: 1.5424

The British Pound moved lower today as the European economic conditions deteriorated, spooking confidence among investors the debt problems will be solved any time soon. Hence, the market mean at 1.5507 has been breached. None of the resistance (1.5537/99; 1.5695) levels has been tested so far, though investors might be aiming at support 2 (1.5407) and 3 (1.5312) as the daily outlook remains strongly bearish.


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