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About LinkBacksTechnical analysts at Mizuho Corporate Bank claim that British pound broke above the “flag formation” approaching 1.6200.
The specialists note that all technical indicators show that sterling’s going to keep strengthening. The 26-day MA will continue supporting the rate.
According to Mizuho, it’s necessary to buy at 1.6180 looking forward to GBP/USD advance to 1.6250/1.6300 and stopping below 1.5950.
Chart. H4 GBP/USD
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02-16-2011, 12:58 AM #1
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FBS Holdings: pound will keep climbing (Mizuho)
FBS Holdings Inc. is an international brokerage company that provides its clients with access to world financial markets – forex, CFD, futures.
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