Tuesday, June 24, 2008

sterling on mixed note.

Pound weakened as U.K. Hosing market and mortgage approvals slumped. Sterling
is expected to be on a mixed note With the trading range expected between 1.9640-1.9750. currency lends its support at 1.9620 levels and holds resistance at 1.9780 levels. MACD holds the bull view for the day. Currency is seen trading on the moving averages and stochastic remains silent on the issue. Parabolic is supporting the bull view.

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