Pound has risen about 80 pips to a maximum of 1.4781 minutes after the release of the CPI figures for February, although the pair has setback slightly, testing resistance level at the 1.4735 area.
TECH VIEW APR 06 2009
GBP R1: 1.5040 S1: 1. 4800
R2: 1.5060 S2: 1. 4790
chart pattern shows the currency to be on bull run for the day. Trading range is expected between 1.4820-1.5030 levels for the day. Momentum is seen trending up indicating bull note to continue for the day. Day trend remains bull for the currency supporting buy side for the day trading.
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