STERLING IS TECHNICALLY BEARISH, RECOVER WILL BE BASE ON THIS SESSION'S FUNDAMENTAL RELEASES

Today we saw Sterling fall, a major bear trend is developing and technically Sterling can't be recommended, fundamentally Sterling needs a Hawkish statement from B.O.E. in this sessions
Inflation Report.  If Sterling continues to bear after today's fundamental releases, Sterling will not be a technical bull!

From a technical point of view, mid-term Sterling needs to find major bullish support if it falls to
1.5903, if the level doesn't find support the next major level for Sterling is, 1.5784 but at these levels
Sterling can't be recommended bullishly.  Dropping below, 1.5750 means major U.S.D. bull, Safe-Haven trading is in play and possibly the beginning of a Global Double-Dip recession!!!! (review
previous blogs from 11/2011 for details.)

So what happen, other than the Geo-Political data coming out of the E.U. and no Interest Rate increase from B.O.E....  From a technical point of view Sterling hasn't broken the resistance level of a Major 200 moving average on the Weekly time frame (W1) of your trading plate form now for over a
year!!!  That 200 M.A. is currently at, 1.6286 technically Sterling needs to beat the resistance and bull past this Moving Average to base a Med-term and Long-term technical bull.  Falling below 1.6000 really is a major warning sign.... Time will tell.....

Please check your economic calendar for details of today's session:

4:30 a.m. EST. G.B.P., Status-High 1
                                             Med  1

5:30 a.m. EST. G.B.P., Status-High 1, ****Inflation Report****

8:30 a.m. EST. U.S.D., Status-Med 2
9:15 a.m. EST. U.S.D., Status-Med 1
10:30 a.m. EST. U.S.D., Status-Low (Crude Oil Inventories**) possible strong volume.

2:00 p.m. EST. U.S.D., Status-High 1, F.O.M.C. minutes will be release!

Basically this is it!! If the releases for Sterling aren't Hawkish! and the U.S.D fundamentals support a strong Dollar, the technical bull for Sterling for the Mid-term will be over, Safe-Haven trading technically and fundamentally will be in play...

Daily technical's for Sterling:

Support for a bullish Sterling is, 1.6025 (currently 1.5986, bearish)(8:05 p.m. EST.) Sterling must
find support at, 1.6025 once this resistance level is broke bullishly the next level to break will be, 1.6074 if bullish volume continues for Sterling the next resistance level is, 1.6106 and finally a strong bullish Sterling finishes the session reaching, 1.6152 and higher!!

If Sterling continues to bear below, 1.6025 the next level for support will be, 1.5976 if this support level is broken bearishly the next technical level for support is, 1.5944 and finally if the bear trend continues the finally level for support for Sterling will be, 1.5898 before bullish volume will return..

Trade with the Trend!!!

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FOOTNOTE: Future blog posting will be suspended until technical level return for a bullish market, please review previous blogs.,(11/2011) for Major support and resistance levels during this type of or current market condition, potential Safe-Haven environment.....Actually this decision will be base on the results of today's fundamental releases!!!!

STERLING BULLS THROUGH THE U.S.D. SESSION TO TECHNICAL BULLISH LEVELS.

Sterling hit a high today of, 1.6122 at 11:00 a.m. EST.  Technical support for was at, 1.6091 going into today's session, Sterling reach that point at 10:15 a.m. EST.

Daily technical's for Sterling:

Technical support for a bullish Sterling is, 1.6089 (currently 1.6087)(9:09 p.m. EST), the next level of resistance to break is, 1.6116 a bullish Sterling next bullish resistance level is, 1.6134 and finally a strong bullish Sterling reaches, 1.6160 or higher in today's session.

If Sterling doesn't find bullish support at, 1.6089 the next level of support is, 1.6062 if the support level doesn't hold Sterling may bear too, 1.6044.  Finally if bearish volume continues the last level of support is, 1.6018 before bullish volume will return.

Please check your Economic Calendar a good number of releases for today's session!!!:

9:30 a.m. EST. Status-1 HIGH: AUSSIE.
2:00 a.m. EST. Status-3 HIGH: EURO.
4:30 a.m. EST. Status-1 MEDIUM: STERLING.
5:00 a.m. EST. Status-3 HIGH: EURO.
5:00 a.m. EST. Status-6 MEDIUM: EURO.
8:30 a.m. EST. Status-3 HIGH: U.S.D.
8:30 a.m. EST. Status-4 MEDIUM: U.S.D.
9:00 a.m. EST. Status-2 MEDIUM: U.S.D.
7:50 p.m. EST. Status-3 MEDIUM: J.P.Y.

Trend with the trend!
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FUNDAMENTAL RELEASES AND GEO-POLITICAL EVENTS BEAR STERLING TO CLOSE THE WEEK.

This last day of the trading session say Sterling fall hitting a low of, 1.6060 near the end of this week trading.  The bearish trend Sterling has been experiencing this week is due to Geo-political Events coming out of the, E.U. and a large number of fundamental release after, B.O.E.'s interest rate decision that came out on, Thursday basically it was all bearish after that.

Sterling did a a couple of strong Counter-trend bull moves this week, on the 7Th, 9Th, and 10Th, but for the most part it was a bearish week...

Daily technical s' for Sterling going in Sundays open thru Monday session:

Support for a bullish Sterling is, 1.6091 (closed at 1.6072) the next resistance level for a bullish Sterling to break is, 1.6122 if trend continues bullish the next level to reach will be, 1.6141 and finally a strong bullish Sterling hits a hit of, 1.6170 and higher in the first day of the trading week.

If Sterling doesn't find bullish support at, 1.6091 the next level will be, 1.6060 if this doesn't hold
the next support level is, 1.6041 if bearish volume continues the final support level is, 1.6012 before bullish volume returns for Sterling.

Weekly technical s' for Sterling going into week ending 05/18/2012

Support for bullish Sterling for the week is, 1.6111 (closed at 1.6072) the next resistance level for a bullish Sterling to break is, 1.6162 if bullish volume continues the next resistance level the break this week will be, 1.6195 and a strong bull hits and exceeds, 1.6244 this week!

If Sterling doesn't find support at 1.6111 the next level of support is, 1.6058 if Sterling continues to bear support is at, 1.6025 and finally the last support level is, 1.5976 before Sterling recovers with bullish volume for the week.

It seems that Sterling has been having a technical issues breaking the resistance of a, 200 M.A. that's floating around, 1.6285 on the W1 time frame (Weekly).  For over a year now Sterling has a difficult time with this bullish resistance level... Once this resistance is broken and finds support we'll have a high probability it will be another bull run!!

Check your economic calendar
Trade with the trade

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NO RATE INCREASE, STERLING STILLS BULLS FOR 85 PIPS FROM SESSION LOW TO HIGH!

THERE WAS NO RATE INCREASE, THERE NOT MUCH ELSE TO SAY, THE BOTTOM LINE IS WHEN THERE'S A RATE DECISION, DEPENDING ON WHAT LEVEL TRADER YOU ARE, IT CAN BE A GREAT DAY, IF THEY ARE HAWKISH AND YOU ARE ON THE CORRECT SIDE OF THE TRADE, I'M TALKING ABOUT A 150  TO 250 PIP BULL MOVE MAYBE MORE.. THAT'S A GREAT DAY FOR A TRADER.  B.O.E. STATEMENT WAS FIRM, NOT DOVISH...

STERLING DID BULL PAST THE SECOND RESISTANCE LEVEL, 1.6174 IN TODAY'S SESSION TO HIT, A HIGH OF, 1.6181..(10:15 A.M. EST.)

OK, GOING INTO FRIDAY THE LAST DAY OF THE WEEK, BE CAREFUL, THERE IS A LOT OF FUNDAMENTAL DATA COMING OUT INTERNATIONALLY THIS LAST DAY OF THE TRADING WEEK, MORE THAN I HAVE SEEN IN A LONG TIME..... THIS LAST DAY SEEMS TO BE FULL OF FUNDAMENTAL TRADING SESSIONS, NOT TECHNICAL!!


MAJOR FUNDAMENTAL RELEASE, WHEN I SAY MAJOR I TALKING ABOUT THE NUMBER OF RELEASE WORLDWIDE:

11 RELEASES FOR CHINA BETWEEN, 9:30 P.M. EST.  AND 1:30 A.M.  EST.
2 STATUS-HIGH
6 STATUS-MEDIUM
3 STATUS-LOW

5 RELEASES FOR THE EURO BETWEEN, 2:00 A.M. EST AND 5:00 A.M. EST.
3 STATUS-HIGH
2 STATUS-MEDIUM

6 RELEASES FOR STERLING AT, 4:30 A.M. EST.
3 STATUS-MEDIUM
3 STATUS-LOW

5 RELEASES FOR CAD AT, 8:30 A.M. EST.
2 STATUS-HIGH
2 STATUS-MEDIUM

5 RELEASES FOR U.S.D. BETWEEN, 8:30 A.M. EST. AND 9:55 A.M. EST.
1 STATUS-HIGH
2 STATUS-MEDIUM
2 STATUS-LOW



DAILY TECHNICAL'S FOR STERLING:

SUPPORT FOR A BULLISH STERLING IS, 1.6131 (CURRENTLY AT, 1.6131)(8:08 P.M. EST.)
THE NEXT BULLISH RESISTANCE LEVEL TO BREAK IS, 1.6169 IF THE TREND CONTINUES BULLISH THE NEXT LEVEL WILL BE TECHNICALLY, 1.6194 AND A STRONG BULL REACHES A BULLISH LEVEL OF 1.6230 AND HIGHER IN TODAY'S SESSION...

IF STERLING DOESN'T FIND BULLISH SUPPORT AT, 1.6131 THE NEXT SUPPORT LEVEL WILL BE, 1.6093 IF BEARISH VOLUME CONTINUES THE NEXT TECHNICAL SUPPORT LEVEL IS, 1.6068 AND FINALLY IF THE TREND CONTINUES TO DROP THE LAST LEVEL OF SUPPORT IS, 1.6032 BEFORE BULLISH VOLUME RETURNS.

PLEASE REMEMBER THAT FUNDAMENTAL DATA, SUPERSEDES TECHNICAL DATA,
THE NUMBER OF RELEASES ARE SO HIGH IF YOUR CURRENTLY FLOATING ANY
NEGATIVE LOTS, YOU SHOULD CLOSE THEM OUT AND WAIT FOR THE DATA, IF DOING THIS PROCEDURE DECREASES YOU BALANCE TOO MUCH, YOUR SITTING IN NEGATIVE TRADES TWO LONG....

TRADE WITH THE TREND.........

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BEARISH STERLING RETRACES TREND DURING U.S.D. SESSION

With the Geo-political data coming to a end out of the E.U. we saw Sterling  today hit a low of,
1.6065 which was 26 pips below the third technical support level at, 8:30 a.m. EST.  From this point
Sterling finish today's session with power hitting, 1.6149 at, 7:33 p.m. EST. fundamentally China's data may have gave Sterling the extra bull near the end of the session.

Furthermore fundamentally we have a more favorable environment too finish the week bullish for
Sterling starting with two, statue-HIGH releases coming out for the Aussie actually this release will
come out just before this blog is published, being it's about 10 minutes from the time I'm writing it now.

The Euro has one status-HIGH release coming out at, 4:00 a.m. EST.

Finally!!!!  Sterling has a huge amount of fundamental data:
three status-MEDIUM releases at, 4:30 a.m. EST.
four status-LOW releases at, 4:30 a.m. EST.
two status-HIGH releases at, 7:00 a.m. EST. B.O.E. RATE DECISION!!!!!!!Hawk

If the tone is Hawkish look for a major bull from Sterling after the rate decision data is release...
A rate increase would bull Sterling greatly!!!

Daily technical's for Sterling:

Support for a bullish Sterling is, 1.6118 (currently at 1.6138)(9:32 p.m. EST) if Sterling continues
it bullish trend the next level to break technically is, 1.6152 after that the next level to break is, 1.6174
and a strong Sterling hits, 1.6206 and higher during today's session!!!

If Sterling doesn't find bullish support at, 1.6118 the next level too look for support is at, 1.6084 if this level
of support is broken bearishly the next level is, 1.6062 and finally if a bearish trend continues the last
technical level to look for support is, 1.6030.

Just a footnote: the Aussie release was, bullish...

Trade with the trade!!!!

Thank you for your time and have a great day!

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RETRACING STERLING FORMING DAILY TECHNICAL DOUBLE BOTTOM, BULLISH INDICATOR!

Sterling retrace yesterdays bullish volume forming a technical double bottom, which is a bullish indicator.
The issues are, the fundamental data and Geo-political data coming out of the Euro-Zone, it seems
these two forms of data are leading the market the last 4-5 trading days, so you see more of a
save-haven environment, meaning U.S.D. bull almost in every currency pair.... (AUD/USD)

Daily technicals for Sterling:

Support for a bullish Sterling is, 1.6149 (currently at, 1.6132)(12:00 a.m. EST.)
If Sterling recovers to find support at 1.6149 the next level to break will be, 1.6171 if Sterling
continues to recover the next level is, 1.6186 and a strong bull hits, 1.6207 and higher.

However, Sterling is technically bearish for today being below, 1.6149 if this continues
the next level to find support is, 1.6127 if this level doesn't hold Sterling may continue
bearish to, 1.6112 and the final technical level for a bearish Sterling is, 1.6091 before
bullish volume returns.  Note: if the last level doesn't find support basically it means a major
bear has already started and has a high % of continue through out the day.

Fundamentally, we have a status, "Med" release for the Euro at, 2:00 a.m. EST..
10:30 a.m. EST. Crude oil inventories out of the States, status is "Low" but the
release seem to create strong volume!! Depending on details of the data.........

Trade with the trend!

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BULLISH STERLING 99% RETRACEMENT FROM FRIDAY'S "GEO-POLITICAL" NON-FARM REPORT.

RECAP, IN MY LAST BLOG, I WROTE I DIDN'T SEE ANY FUNDAMENTAL OR TECHNICAL REASON FOR FRIDAY'S NON-FARM VOLUME, WHICH SHOWED DOLLAR STRENGTH ACROSS THE BOARD.  WELL THE VOLUME WASN'T, NON-FARM NUMBERS, IT WAS, "GEO-POLITICAL" VOLUME.  DUE TO THE, FRENCH PRESIDENTIAL ELECTION AND THE, GREEK PARLIAMENTARY ELECTIONS BEING HELD OVER THE WEEKEND.  GEO-POLITICAL EVENTS CAN SUPERSEDE FUNDAMENTAL AND TECHNICAL DATA, SINCE THEY ARE A RARE EVENT WHICH CAN EFFECT OUR FINANCIAL SYSTEM DEPENDING ON WHAT EXACTLY HAPPENS.

Ok, Sterling was +84 pips today from it's low to high strong bullish directional trend almost all day!
Basically retracing all of Friday's bearish volume.


Sterling technical's for today's session:

Support for a bullish Sterling is, 1.6166 (current value, 1.6175) the next level to break is, 1.6198 after that level finds bullish support the next value is, 1.6218 and a strong Sterling reaches, 1.6248 and higher for today's session.

If Sterling doesn't find support at, at, 1.6166 it may bear to, 1.6134 if bearish volume continues the next support level is, 1.6114 and finally if the support level is broken, Sterling could hit a technical level of 1.6084 before bullish volume returns....

Not much fundamentally in the Sterling Session, please always check your economic calendar.
The Asian/Aussie session had more bearish volume for the Aussie and interest rates were drop last week!!!  Fundamentally Aussie has been below average and technically bearish.

Trade with the Trend...

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NON-FARM FRIDAY, U.S.D. DOMINATES WITH WEAK DATA???

NON-FARM FRIDAY OFFERED PLENTY OF VOLUME TO TRADE BEFORE AND AFTER THE RELEASE TODAY, MOSTLY U.S.D. STRENGTH, EVEN THOUGH THE REPORT WAS WEAK!
NORMALLY IF THE JOBS NUMBERS ARE WEAK, THE DOLLAR TUMBLES.  TODAY THE DOLLAR DOMINATED!, EVERY CURRENCY PAIR I REVIEW SHOWED DOLLAR BULL!  FUNDAMENTALLY OR TECHNICALLY I CAN'T EXPLAIN THE DIRECTION OF THE TREND TODAY. LOOK FOR CORRECTION NEXT WEEK..

STERLING DID SHOW A LOT OF STRENGTH TODAY EVEN WITH THE STRENGTH OF THE U.S.D IT TESTED THE DAILY SUPPORT OF BULLISH VOLUME, 1.6187 MOST OF  TODAYS SESSION UNTIL 9:00 A.M. EST. HITTING 1.6201 AFTER THAT, STERLING RETRACED TOO A WEEK LOW OF, 1.6139 AROUND, 11:30 A.M. EST. CLOSED AT, 1.6148 JUST -39 PIPS FROM IT'S DAILY BULLISH SUPPORT LEVEL, NOT BAD CONSIDERING.

STERLING DID HIT A GREAT HIGH OF 1.6300 THIS WEEK, MONDAY BUT RETRACE THE REST OF THE WEEK CLOSING FRIDAY AT, 1.6148 LONDON CLOSE SHOWS, 1.6153.

 DAILY TECHNICALS FOR STERLING GOING INTO SUNDAY'S OPEN:

BULLISH SUPPORT FOR STERLING IS AT, 1.6163 (CLOSED 1.6148)WHEN BULLISH VOLUMES CONTINUES TO NEXT LEVEL TO BREAK WILL BE, 1.6187 THEN 1.6201 AND A STRONG BULL HITS, 1.6224 AND HIGHER SUNDAY THRU MONDAY SESSION.

IF SUPPORT ISN'T FOUND AT 1.6163 THE STERLING MAY DROP TO 1.6139 IF VOLUME CONTINUES TO BEAR THE NEXT LEVEL FOR SUPPORT IS, 1.6125 AND FINALLY IF STERLING BEAR CONTINUES IT COULD HIT, 1.6102 BEFORE BULLISH VOLUME RETURNS.

WEEKLY TECHNCIALS FOR STERLING GOING INTO NEXT WEEK ENDING 05/11/2012

BULLISH SUPPORT IS AT, 1.6196 IF STERLING CONTINUES THE NEXT LEVEL TOO BREAK IS, 1.6257 ONCE SUPPORT IS FOUND THE NEXT BULLISH LEVEL IS 1.6296 AND FINALLY A STRONG BULL HITS A HIGH OF, 1.6354 OR HIGHER BY 05/11/2012

IF STERLING DOESN'T FIND SUPPORT AT, 1.6196 THIS WEEK THE NEXT LEVEL TO TEST WILL BE 1.6135 IF THE LEVEL IS BROKEN BEARISHLY THE NEXT SUPPORT LEVEL IS, 1.6096 AND FINALLY IF STERLING CONTINUES TO BEAR IT COULD HIT A LOW OF, 1.6038 BEFORE BULLISH VOLUME RETURNS.

REMEMBER, TRADE WITH THE TREND

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WAITING FOR NON-FARM? WELL MAYBE NOT!

YES, THIS IS NON-FARM WEEK, BULLISH VOLUME FOR STERLING IS A LITTLE LOW, WHICH IS TOO BE EXPECTED, MOST OF THE TIME.

STERLING TECHNICALS GOING IN NON-FARM FRIDAY:

SUPPORT FOR A BULLISH STERLING IS, 1.6187... CURRENTLY STERLING IS AT, 1.6184 (8:24 P.M. EST.) THE NEXT TECHNICAL LEVEL TO BREAK BULLISHLY IS, 1.6208 IF SUPPORT IS FOUND THE NEXT LEVEL WILL BE, 1.6222 AND FINALLY A STRONG BULLISH STERLING HITS 1.6242 AND ABOVE FOR NON-FARM FRIDAY.

IF STERLING DOESN'T FIND SUPPORT AT 1.6187 THE NEXT TECHNICAL LEVEL IS, 1.6166 IF BEARISH VOLUME CONTINUES THE NEXT LEVEL FOR SUPPORT IS, 1.6152... FINALLY IF NOT BULLISH SUPPORT IS FOUND AT THIS POINT, STERLING MAY HIT, 1.6132...

ALSO, EVERYONE IS FOCUS ON, NON-FARM NUMBERS DUE OUT OF THE STATES, BUT THERE IS SOME STRONG OR STATUS HIGH FUNDAMENTAL RELEASES DUE OUT DOING THE ASIAN SESSION AND THE STERLING SESSION!!!, STARTING IN ABOUT A HOUR WITH A RELEASE FOR THE AUSSIE, STATUS-HIGH........

THE FRANC HAS RETAIL SALES NUMBER DUE OUT, STATUS-MED..3:15 A.M. EST..
THE EURO HAS ABOUT 5 FUNDAMENTAL RELEASES DUE OUT BETWEEN 3:45 A.M. EST. AND 4:00 A.M. EST, STATUES-LOW THRU HIGH...

WELL, WE ARE TRAINED TO BE SAFE THE LAST DAY OF WEEK, ESPECIALLY DOING NON-FARM FRIDAY, BUT BASE ON THE ECONOMIC CALENDAR FOR THIS EVENING AND THE STERLING SESSION, WE SHOULD HAVE STRONG VOLUME FROM THESE RELEASES BEFORE NON-FARM AT, 8:30 A.M. EST FRIDAY....

TRADE WITH THE TREND!
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MINI-RECAP OF LAST WEEK, ENDING 04/27/2012 THRU 05/02/2012, STERLING-BULLISH!

THIS RECAP WILL BE BRIEF IS DUE TO MY 4GB MONTHLY INTERNET SERVICE WHICH I HAVE HAD THE PAST FOUR MONTHS WITH NO PROBLEMS,  BEING CANCELLED FIVE DAY EARLY!! & 30 MINUTES BEFORE THE F.O.M.C. RELEASE ON 04/25/2012, WEDNESDAY!  Hmmm.....

OK, OK, BASICALLY STERLING FINISH THE WEEK BULLISH, WHAT ABOUT STERLING DURING F.O.M.C. MORNING, AFTER A WEAK GDP REPORT AND HITTING 1.6080, STERLING SHOW NO WEAKNESS TECHNICALLY OR FUNDAMENTALLY, IN FACT STERLING HIT, 1.6155 MINUTES BEFORE THE F.O.M.C. RELEASE.... I WAS OUT OF MY STERLING LOTS AT, 1.6126 AROUND 9:30 A.M., (SHOULD HAVE KEPT THEM)

BASICALLY STERLING CLOSED THE WEEK +174 PIPS, WHICH ACTUALLY HAPPEN BETWEEN WEDNESDAY THRU FRIDAY (THAT'S FROM THE WEEK LOW TO THE WEEK HIGH)
HITTING, 1.6279 IN THE AFTERNOON FRIDAY TOO CLOSE THE WEEK WITH POWER! BREAKING TWO BULLISH RESISTANCE LEVELS AND JUST BELOW THE THIRD TECHNICAL LEVEL OF 1.6343 FOR THE WEEK.

GOING IN NEXT WEEK, WHICH BY THIS BLOG, IT'S ALREADY THURSDAY MAY 03,2012... I WILL OFFER THE TECHNICALS  FOR THE WEEK BUT NOT FOR EACH PERVIOUS DAY, IF NEED PLEASE CONTACT US.  OH, THIS IS NON-FARM WEEK!!, FUNDAMENTALLY THE MOST IMPORTANT RELEASE OF THE MONTH, FIRST FRIDAY OF MOST MONTHS, TRADITIONALLY A LOT OF VOLUME IS ON THE SIDE-LINES UNTIL FRIDAY, OR YOU MY NOTICE A, U.S.D. DOLLAR BULL IN A FEW CURRENCY PAIRS.

STERLINGS TECHNICALS FOR THE WEEK:

A BULLISH STERLING FINDS SUPPORT AT, 1.6204 THE NEXT LEVEL TO BREAK IS, 1.6280 IF STERLING CONTINUES TO FIND BULLISH VOLUME THE NEXT TECHNICAL LEVEL IS 1.6327 AND FINALLY A VERY STRONG STERLING HITS, 1.6399 OR HIGHER THIS WEEK.

IF STERLING DOESN'T FIND SUPPORT AT 1.6204 THIS WEEK THE NEXT LEVEL OF SUPPORT IS, 1.6128 IF STERLING CONTINUES TO BEAR IT COULD HIT, 1.6086 AND FINALLY IF NO BULLISH VOLUME RETURNS IT MAY TOUCH, 1.6009....

STERLING HIT, 1.6300 /04/30/2012 MONDAY AND HAS BEEN RETRACING SINCE, LIKE I SAID THIS IS NON-FARM WEEK, IF THE REPORT IS WEAK FRIDAY FOR THE U.S.D., FUNDAMENTALLY STERLING WILL HIT, +1.6327 TOO CLOSE THE WEEK..

ONE ADDITIONAL FACT, AUD/USD  PAIR...IS SHOWING MAJOR  U.S.D. STRENGTH THIS YEAR...THE AUSSIE IS BASICALLY THE ONLY CURRENCY THAT HELD IT'S GROUND DURING THIS GREAT RES-SESSION  BUT IT'S FOUR YEAR REIGN LOOKS LIKE IT'S OVER, OR DUE FOR A MAJOR RETRANCEMENT LIKE TOO, 0.9211.(TECHNICALLY).. THE FUNDAMENTAL QUESTION IS, WILL THEY DROP THERE INTEREST RATE????? IF NOT! THE AUSSIE WILL RECOVER...

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