Friday, May 14, 2010

GBP / USD trying to survive in the level of 1.46. Pair looks still depressed after selling a massive action occurred since yesterday. Statement of Governor Mervyn King that the UK needs to increase exports in order to cut the budget is not too large, making the GBP dropped. The next target is predicted to exist at the 1.447 level. Resistance for GBP / USD there i 1.463 level.

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