Tuesday, March 30, 2010

Sharon Stone Does Lunch at The Ivy

Sharon Yvonne Stone (born March 10, 1958) is an American actress, producer, and former fashion model. She came to international attention for her performance in the 1992 Hollywood blockbuster film Basic Instinct.

The Pound has rallied sharply on early European session, and, after bouncing at 1.4890 low on Asian trade, the pair has soared at European opening to reach levels past 1.5000 although capped at 1.5015,, Sterling has retreated to 1.4960 area at the moment of writing.

Despite the current recovery from 1.4800 low on March 25, Mohammed Isah, technical analyst at FXTechstrategy observes the pair trending lower while below 1.5110: "Following its declines initiated from the 1.5380 level, its Mar 22’10 high, risk is still seen toward its 2010 at 1.4782. A break and hold above the 1.5110 level, its Mar 23’10 high will convince the market that the mentioned bottom is in place."

On the upside, above 1.5110, Isah points out to 1.5343/80 and 1.5574 as next targets: "This will open the door for a follow-through higher towards the 1.5343/80 levels, its Feb 19’10 low/Mar 17’10 high with a turn above that level resuming its corrective recovery towards the 1.5574 level, its Feb 23’10 high where a cap is expected."

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