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View Full Version : Pound Could Advance to $1.63 on Breakout, Mizuho Says: Technical Analysis - Bloomberg



NewsWhore
02-17-2011, 03:00 PM
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Pound Could Advance to $1.63 on Breakout, Mizuho Says: Technical Analysis (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNHR_Ug9mZIgPhwhViqdp6A7XdF7ng&url=http://www.bloomberg.com/news/2011-02-17/pound-could-advance-to-1-63-on-breakout-mizuho-says-technical-analysis.html)
Bloomberg
Intra-day moves suggested the currency pair is â??trying to break out of its little flag formation,â?? wrote Mizuho&#39;s senior analyst Nicole Elliott. â??All aspects of this chart suggest a long position.â?? On a chart, a bear flag formation occurs when a ...

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