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Pounds to Dollars Forex Trading Chart 28 July 2010

The pounds to dollars pair continued its bullish momentum yesterday, ending with a strong trading signal as the session closed above the 200 day moving average at just below USD1.56.  This has further confirmed the bullish momentum for cable, further reinforced by the break above...

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Pounds to Dollars Forex Trading Chart 26 July 2010

Friday’s wide spread up bar for the pounds to dollars pair injected further bullish momentum which has continued in today’s London forex trading session, as the pair creep above the psychological US1.55 price handle which marks the top of recent price congestion and as such...

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Pounds to Dollars Forex Forecast 20 July 2010

The failure of cable to breach the USD1.5472 price point both on Thursday and Friday last week now appears to be gaining increasingly significance as a potential turning point from the recent rally of early May.  Yesterday’s narrow spread down bar further confirmed this potential...

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Pounds to Dollars Forex 16 Juy 2010

The gbp usd continued its recent short term bullish trend, helped along by the FED’s minutes, ending yesterday’s trading session as a wide spread up candle which touched USD1.5472 as the high of the day and closed marginally below this level at the end of...

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Pounds to Dollars Forex Forecast 13 July 2010

The pounds to dollars pair continues to cling on at the USD1.50 price region as the daily begins to look increasingly weak, but clearly not yet ready to capitulate. Yesterday’s price action, whilst ending the trading session marginally lower, still evidenced a lingering bullish sentiment,...

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Pounds to Dollars Forex Forecast 12 July 2010

Last week’s price action for sterling was characterised by sideways price consolidation confined to a narrow trading range which appears to have resistance at the USD1.5241 price region, a price level that has been challenged on several occasions.  This level now appears to have created...

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Pounds to Dollars Forex Forecast 8 July 2010

Once again yesterday the pounds to dollars pair struggled to breach the USD1.5227 price handle which is now forming a critical level of potential resistance to any move higher with yesterday’s candle closing as a small doji cross, indicative of an indecisive market and one...

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Pounds to Dollars Forex Forecast 7 July 2010

Cable continued to limp towards the USD1.52 price point but fell back exhausted as the pair begins to run into potential resistance at this level and above, closing the day as a narrow spread up candle but with a small to the upper body.  Yesterday’s...

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Pounds to Dollars Forex Forecast 6 July 2010

Despite yesterday’s minor pullback for the pound to dollar pair cable continues to defy expectations as it struggles higher in a long, slow gradual uptrend.  Yesterday’s price action, whilst restrained, once again featured the 9 day moving average which provided support to a test of...

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