More from FXstreet.com

Forex: GBP/USD rally could extend to 1.6000 or 1.6200 this week - Kshitij

By FXstreet.com,  January 17, 2011, 09:15:00 AM EDT

FXstreet.com (Barcelona) - Pound's recovery from 1.5405 low on Jan 7 has extended to 1.5950 high, to erase December's losses, building up bullish momentum on its way towards 1.6000 or even 1.200, according to the Kshitij Consultancy Services Team.

The pair is biased to the upside, according to the Kshitij Consultancy Services Team, targeting 1.6000/6200 area: "The overall bullish view is intact and we might see further rise towards 1.6000-6100-6200 in the coming days."

On the downside, key support lies at 1.5820-00, says the Kshitij Consultancy Services Team: " On the downside 1.5820-00 is a very significant Support region seen and an immediate break below this Support region is not looking likely."




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

Referenced Stocks:



Latest News Video

Vigil Held in Greenville For Tornado Victims
Vigil Held in Greenville For Tornad...
Buncombe County Deputies Search For Accused Killer
Buncombe County Deputies Search For...
Oklahoma Tornado Relief Drive Raises Nearly $368K
Oklahoma Tornado Relief Drive Raise...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.23 0.08  0.60%
HPQ $ 24.11 2.88  13.57%
MSFT $ 34.27 0.34  0.98%
MU $ 11.19 0.27  2.47%
F $ 14.82 0.15  1.00%
QQQ $ 73.45 0.17  0.23%
C $ 50 1  1.96%
INTC $ 23.97 0.10  0.42%