GBPUSD technical analysis may 12th, 2012


GBPUSD-analysis-2012-05-12_07-23-46.jpgGBPUSD currency exchange rate Friday about 70 pips above the main psychological 1.6000 level round deadline this week number in; pips 161 (only 53% of the average weekly range) comes a week after. Dollars, pounds down. Resilient against the euro; the Moon approximately 99% of the visible Sterling is 2.4% drop seen earlier this month for the EURUSD.  This supports the following key areas of the previous 2008 EURGBP breaks down at a level not seen since 0.8066 has to deal.GBP United Kingdom pound Net long position 25339 net long contract is growing by about 9,000.  The latest COT report data according to the loss of most of the other currencies for the Green places to drop all 1.6000. GBPUSD ascending trend line in the chart below, as highlighted by a cable.  This is the daily chart and then arrange in 50EMA. for return at this level may be looking for the bull cable.  However, the dollar is strong in cash scenarios; Currently, flight mode, this risk aversion related to Greece debt situation and JP Morgan, “rogue trader ‘ scenarios subject to the flow. Gold prices were up by 3.5% weekly loss spot market is a broad-based dollar strength on the close of the deal late Friday.  Gold is heading to $ 1,530 now and strong demand earlier regional reaction here to potentially benefit from the weight of the cable: on the Green

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