The Pound rallied to its resistance on Friday only to fall all the way back to its minor support today. We closed in the upper half of the daily range but beneath the closes of the past two days. The range it seems to me suggests ease of movement down, but much depends on how we move from the pretty much midlevel close tomorrow.
Monday, February 2, 2009
Pound 2/2/09
The Pound rallied to its resistance on Friday only to fall all the way back to its minor support today. We closed in the upper half of the daily range but beneath the closes of the past two days. The range it seems to me suggests ease of movement down, but much depends on how we move from the pretty much midlevel close tomorrow.
