Forex Trader

Despite fail brake of 1.0500 from the last week, previous week was the best ‘Pound week’ in the last 9 months. To be even better, the pound broke 1.0500 on wednesday and for now it reached 1.05145 high, where the trendline stopped today’s growth. This is important level for the Pound and it would be interested to see how will this week ended here. On the way down, 1.5050/70 could be first stronger support, way down we have 1.0500. On the way up above trendline,1.5170/200 is place where sellers are wating for the bulls.  Another great week for now!