Currencies  |  January 18, 2013 21:58:56

U.S. dollar rolls over the English pound


After the pound to the U.S. dollar pair reached the upper edge of the long triangle, did not make it, and it only slightly attacked, without any significant effort. As if the market or not. Long term triangle in this constellation formation means forming since the end of 2008.

If the exchange rate of the currency pair GBP / USD bounces from the bottom edge and will have the following candle very close to the tip and from the perspective of technical analysis means only one thing and that is to break. V ince the current strengthening of the dollar, it could be said that the possibility of weakening pound on this pair is more than fifty percent. When the credits still optimistic mood of the market in the context of the overall global recovery, it's another few percent for the dollar.But it is also possible that there is anything really bad news that pits traders back down to the ground and then the pound could still wake sports terminology and a score.

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