dollars to pounds

Dollars to Pounds Chart 29 July 2010

The pounds to dollars pair continues to push ever higher with yesterday’s narrow spread candle maintaining the upwards momentum, albeit in a narrow range, but holding above the key 200 day technical level.  This upwards trend has continued in this morning’s trading with the pair breaking above the USD1.5600 price handle to currently trade at USD1.5638.  The three shorter term moving averages are providing excellent support to the move and should these breach the 200 day moving average in due course then this will further confirm the upwards momentum as the pair push on to break above the USD1.5815 level and above in the medium term.

This week’s fundamental news for the pounds to dollars can now be found on my main forex trading site.

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