Tuesday, 29 September 2009

Forex: GBP/USD: Pound continues to target 1.5690/10 - Commerzbank

Tue, Sep 29 2009, 08:05 GMT
http://www.fxstreet.com

FXstreet.com (Barcelona) - The Pound has turned down from session high at 1.5955 and dropped about 100 pips on early European session to hit day lows at 1.5845, targeting levels around 1.5690/10, according to Karen Jones, technical analyst at Commerzbank.

Pound's rebounds will, most likely be corrective and capped by 1.6110/50, says Jones: "Yesterdays rebound filled the weekend gap (to 1.5920) and we look for near term corrective rebounds to main capped by 1.6110/50 (break down point for the top pattern) and we continue to target initially 1.5690/10 (Fibonacci retracement and the 55 week ma) and then 1.5270."

Support levels, according to Jones lie at 1.5800/0, and below there, 1.5770 and 1.5690. On the upside, resistance levels are 1.6000, 1.6045 and 1.6110/48.


DJ Currency Rates Of Coffee Producing, Consuming Countries


DJ Currency Rates Of Coffee Producing, Consuming Countries

Current Prior
Producers
Angola (Readj Kwanza) AOA 77.805 78
Bolivia (Boliviano) BOB 7.02 7.02
Brazil (Real) BRL 1.791 1.791
Burundi (Franc) BIF 1240 1241
Central African States XAF 449.5 448.5
Central Bank of West AfriXOF 449.5 448.5
Colombia (Peso) COP 1923.5 1917.6
Costa Rica (Colon) CRC 582.7 582.7
Cuba (Peso) CUP 1 1
Dominican Rep (Peso) DOP 36.1 36.1
Ecuador (USD) USD 1 1
El Salvador (Colon) SVC 8.7475 8.7475
Ethiopia (Birr) ETB 12.59 12.59
Guatemala (Quetzal) GTQ 8.3065 8.3065
Guinea Rep (Franc) GNF 5025 5020
Haiti (Gourde) HTG 39.75 39.75
Honduras Rep (Lempira) HNL 18.895 18.895
India (Rupee) INR 48.07 47.87
Indonesia (Rupiah) IDR 9715 9720
Kenya (Shilling) KES 75.35 75.78
Malawi (Kwacha) MWK 140.6057 140.6069
Mexico (Peso) MXN 13.5575 13.5865
Nicaragua (Cordoba Oro) NIO 19.9603 19.972
Papua New Guinea (Kina) PGK 0.37375 0.37175
Peru (Nuevo Sol) PEN 2.88 2.88
Philippines (Peso) PHP 47.6 47.63
Venezuela (Bolivar) VEB 2147.3 2147.3
Vietnam (Dong) VND 17841.5 17842
Zambia (Kwacha) ZMK 4740 4750
Zimbabwe (Dollar) ZWD 364.6 362.7

Consumers
Denmark (Krone) DKK 5.1059 5.0954
European Union (Euro) EUR 1.45755 1.46065
Japan (Yen) JPY 89.77 89.605
Norway (Krone) NOK 5.84185 5.8595
Sweden (Krona) SEK 7.02825 7.0285
Switzerland (Franc) CHF 1.0363 1.034


* = The CFA Franc is the common currency of 14 African countries
which are members of the Franc zone:
XOF = Benin, Burkina, Ivory Coast, Guinea Bissau, Mali, Niger,
Senegal and Togo under the Central Bank of the West African States.
XAF = Cameroon, Central African Republic, Chad, Congo, Equatorial Guinea,
and Gabon, under the Bank of the Central African States.


All currencies are quoted in units of currency per U.S. dollar.
Source: Thomson Reuters


Click here to go to Dow Jones NewsPlus, a web front page of today's most important business and market news, analysis and commentary: http://www.djnewsplus.com/access/al?rnd=EcD%2BzY6KbOZIxjF%2FqGjJDw%3D%3D. You can use this link on the day this article is published and the following day.

(END) Dow Jones Newswires

September 29, 2009 04:09 ET (08:09 GMT)

No comments:

Post a comment