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Alert - 10:15 (CET) - GbpUsd
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The fact that the US Senate failed to approve the bailout plan for the automakers was a bucket of cold water for the equity markets. This way, the investors went back to the Dollar and Yen safe havens, waiting for further reactions in the stocks.
The GbpUsd is trading at 1.4882 Dollars per Pound. This session, the pair is ranging from 1.4856 to 1.5118. The current price is under yesterday's close at 1.5036. In the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
The traders are watching the supports at 1.4500 (key) and 1.4346 (April 19th 2002 low). The resistances are being watched at 1.5000 (key), 1.5534 (November 25th high) and 1.6000 (key).
Checking the daily graphics, the current price is over the 23.60% (1.3701) and under the 38.20% (1.5767) Fibonacci retracement lines. The average volatility per hour is 240 pips and the 60-minute Relative Strenght Index (RSI) is at 40 points, after being overbought.
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