Barclays Capital on the pound / dollar
The British currency is losing ground after the euro / dollar, while trying to test support, which runs at stg0.8670. However, market participants believe that while the pair holds above the fifty-seventh figure, where the rate of $ 1.5702 represents a 76.4% $ 1.5685/1.5755 motion correction, we should expect recovery pair. Strong interest in buying the pound / dollar seen in the $ 1.5685/65. Meanwhile, analysts at Barclays Capital is recommended to keep a couple of short positions and sell it to rise to $ 1.5790 with a stop above $ 1.59. The current rate of the pound / dollar $ 1.5723.
The British currency is losing ground after the euro / dollar, while trying to test support, which runs at stg0.8670. However, market participants believe that while the pair holds above the fifty-seventh figure, where the rate of $ 1.5702 represents a 76.4% $ 1.5685/1.5755 motion correction, we should expect recovery pair. Strong interest in buying the pound / dollar seen in the $ 1.5685/65. Meanwhile, analysts at Barclays Capital is recommended to keep a couple of short positions and sell it to rise to $ 1.5790 with a stop above $ 1.59. The current rate of the pound / dollar $ 1.5723.