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The pound sterling against the dollar - 28/12/2011
Because the narrow scope of control over the trading pair of sterling against the dollar, while maintaining price stability over the SMA 50 which is a good support for intraday trading.
In general, we still reserve the scenario the upward trend is expected for the day, which mainly targets to attack the pivotal resistance level 1.5775, which represents the line of the neck supposed to bullish technical pattern has targets upward starting at the psychological barrier of 1.6000 in the case of successful price broke the neckline mentioned. Trading range expected to this day between: Support and resistance 1.5550 1.5885
General tendency is expected for the day: a rising
Because the narrow scope of control over the trading pair of sterling against the dollar, while maintaining price stability over the SMA 50 which is a good support for intraday trading.
In general, we still reserve the scenario the upward trend is expected for the day, which mainly targets to attack the pivotal resistance level 1.5775, which represents the line of the neck supposed to bullish technical pattern has targets upward starting at the psychological barrier of 1.6000 in the case of successful price broke the neckline mentioned. Trading range expected to this day between: Support and resistance 1.5550 1.5885
General tendency is expected for the day: a rising
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