British pound forecast in terms of market profile for Tuesday, June 7, 2011 2011-06-07
On Monday, June 6, the market profile on the British pound is referred to the trend day. During the trading day the British pound slid down against the US dollar and garnered the support only after it reached the POC area of June 3 – 1.6339. By the results of the day the fair price zones are positioned within VAL – 1.6383 and VAH – 1.6459. The POC control point was formed at 1.6426. Forecast for today: At the early Asian session the British pound slides down against the US dollar. In case the downfall continues the first support level will be Ibx.3 – 1.6327 from which it may continue declining to POC of May 26 – 1.6310 and then to 1.6290 – VAH of May 25, 2011.
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