The Pounds fortune seams to have change and it seems in vogue again to Buy Pounds and Sell US Dollars and the next target on the technical charts would be 1.9991 which is the 200 day moving average followed by 2.0200 (normally a very good indicator).
The Euro to Pound is a little more difficult to work out as it has just whipsawed over its 80 day moving average which is roughly 0.7900. Look for it to stay capped at 0.7950 and a downside target of 0.7450.
GBP to US Dollars last 1.9875
GBP to Euro last to 1.2610
Thursday, June 26, 2008
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