Finotec News Archive - August 27 2007

GBP/USD

GBP/USD Daily Technical Reports

Rodian Rahnayev
27 August 2007

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Our short position from overnight has now been stopped out. Solid support now at 2.0075 with previous resistance levels around 2.0150 providing the first level of comfort to long positions. There are more serious resistance levels at 2.0260/75 and bears should sell a failure there. Momentum indicators still favour the bulls.

Finotec Analysis Team
27 August 2007

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14:00Existing Home SalesUSDJul5.75M5.7M35.75Minformation
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