It is a summer bank holiday today in England. The pound will be following the main tendency which is not determined yet. On the one hand, there were a lot of concerns regarding Greece expressed during the weekends. On the other hand, Chinese premier Wen Jiabao told about the necessary stimulus package of 380 bn dollars. Asian markets are expressing bullish movement. Japanese Nikkei 225 gained 0.8% while Australian S&P/ASX 200 accelerated 0.4%.
Technically, the decrease may lead to the level of 1.576: here indicator and trend lines coincide on 4 hour time frame. Growth is possible to 1.5847.
