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TECHNICALS−Pound resistance at $1.9740 ahead of $2
Mon, Feb 25 2008, 10:28 GMT
by Benny Menashe
Finotec Group Inc.
GOLDMAN SACHS
GBP/USD: "Resistance at $1.9740; above $1.9960 is needed to confirm a double bottom reversal and target $2.06."
RBC CAPITAL MARKETS
NZD/USD: "The cyclical highs (24 July 2007) at US$0.8110 represent near term resistance. Downside, support comes in at US$0.8050/60."
SEB
EUR/USD: "With the last week ending at $1.4841 the prior weekly high was exceeded by 20 pips. With a short term base in the $1.4785/95 area we expect continued pressure towards the upper boundary ($1.4893)."
EUR/JPY: "Like several sessions last week, the market tried lower on Friday but was almost immediately returned into the resistance zone. The behaviour points to a still persisting upward pressure and a visit to 161.40 still lurks."
LLOYDS TSB CORPORATES & MARKETS
GBP/USD: "Range bound for now. Long-term bias is dollar bearish, but expects the range to stay for now. $1.9560 buy zone."
GBP/JPY: "Range bound, but caught in the lower end of the range. Risk developing for a break towards 205.00 yen."
Published on
Mon, Feb 25 2008, 10:32 GMT
Archive
- Near-term positive above $1.6266, focus remains on renewed gains
Published On Mon, Aug 3 2009, 10:45 GMT
- We cannot rule out a return to 93.55/93.85 yen, or at most to the 94.65/90 resistance area
Published On Mon, Jul 13 2009, 12:49 GMT
- Looking for direction while trading above an increasingly large, upward-sloping Ichimoku 'cloud'
Published On Tue, Jul 7 2009, 08:40 GMT
- The up-thrust top should within a few sessions start to deliver further downside pressure
Published On Thu, Jul 2 2009, 10:46 GMT
- Consolidating in a 'triangle/pennant' formation at the lower edge of a large Ichimoku 'cloud'
Published On Mon, Jun 29 2009, 10:40 GMT
[ View All ]
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