Finotec News Archive - August 22 2007

GBP/USD Daily Technical Reports

Technical Analysis:

The pair is oversold inter-day and needs time now for studies to unwind from overextended. Additional corrective moves are therefore favored possibly back towards 1.9960-2.0000, from where a lower top is sought ahead of

The pair is oversold inter-day and needs time now for studies to unwind from overextended. Additional corrective moves are therefore favored possibly back towards 1.9960-2.0000

Benny Menashe
22 August 2007

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Spot Price: 1.9815

Finotec Analysis Team
22 August 2007

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Time Event Currency Period Previous Forecast Significance Actual
14:30crude oil inventoriesUSDWeekly-5.2mln-2.8mln31.9mlninformation
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