Monday, August 15, 2005

British Pound/US Dollar From SaxoBank.com

British Pound/US Dollar     
GBPUSD  (1.8095 @ 22:53 GMT)
Cable should continue to consolidate from the recent highs early this week and we look for a short term target of 1.8010, with a break of 1.8175 minimally required to change the current downside bias and will likely give scope to a test of 1.8240 50% retracement 1.9220-1.7260. Support/Resistance 1.7860/1.8010/1.8072.  - 1.8150/1.8175/1.8240.

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