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Monday 25 April 2011

GBP/USD Technical Analysis - April 26, 2011

GBP / USD: Potential Towards Support 1.6384


Looking at trade data yesterday sterling currency tends to be on a limited range, 80 pips (high-low). To this day potentially sterling currency touched 1.6433, the potential to continue to support 1.6384.

The focus of economic data today for Sterling are:
1. GBP CBI Industrial Order Expectations at 6:00 am
2. GBP MPC Member Sentance Speaks at 8:50 pm