Monday, May 14, 2012

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!
Thank you for your time and have a great day.

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