Finotec News Archive - February 25 2008
TECHNICALS-Pound resistance at $1.9740 ahead of $2
.GBP/USD: "Range bound for now. Long-term bias is dollar bearish, but expects the range to stay for now. $1.9560 buy zone."Rodian Rahnayev 
25 February 2008
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GOLDMAN SACHS
GBP/USD: "Resistance at $1.9740; above $1.9960 is needed to confirm a double bottom reversal and target $2.06."
RBC CAPITAL MARKETS
NZD/USD: "The cyclical highs (24 July 2007) at US$0.8110 represent near term resistance.
Downside, support comes in at US$0.8050/60."
SEB
EUR/USD: "With the last week ending at $1.4841 the prior weekly high was exceeded by 20 pips. With a short term base in the $1.4785/95 area we expect continued pressure towards the upper boundary ($1.4893)."
EUR/JPY: "Like several sessions last week, the market tried lower on Friday but was almost immediately returned into the resistance zone. The behaviour points to a still persisting upward pressure and a visit to 161.40 still lurks."
LLOYDS TSB CORPORATES & MARKETS
GBP/USD: "Range bound for now. Long-term bias is dollar bearish, but expects the range to stay for now. $1.9560 buy zone."
GBP/JPY: "Range bound, but caught in the lower end of the range. Risk developing for a break towards
205.00 yen."
Finotec Analysis Team
25 February 2008
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