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GBP USD Forex Trading Chart 2 July 2010

Cable continues to push higher with yesterday’s wide spread up candle adding considerable momentum to the bullish trend which has now been firmly established as a result.  Yesterday’s low found strong support from the 14 day moving average with the close of the day finishing...

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Pounds to Dollar Forex Chart 2 July 2010

A minor pullback for sterling on Wednesday  which closed the forex trading session back below the psychological USD1.50 once again in a modest upwards trend. However, despite the lack of momentum this bullish sentiment seems set to continue with yesterday’s down candle finding support from...

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Pounds to Dollars 29 June 2010

The pounds to dollars pair continued to ease higher in yesterday’s trading session confirming once again the short term bullish sentiment for sterling as we move above the significant USD1.50 price region, closing well above all three short term moving averages as a result.  Of...

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Pound Dollar Forex Forecast 22 June 2010

The pound dollar continues to trade in a narrow range and marginally above our three shorter term moving averages but well below the 200 day moving average.  Whilst yesterday’s candle gave a bearish signal of weakness this has been largely offset by today’s price action...

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Pound Dollar 21 June 2010

As the markets wait for tomorrow’s critical budge from the new UK government, the short term outlook for the pound dollar will very much depend on the market’s view and whether it considers the Chancellor’s budget proposals are sufficiently severe to impact the current deficit...

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Pound Dollar Forecast 14 June 2010

The pound dollar continues to consolidate in a relatively wide range bound on the upside by USD1.48 and USD1.4250 to the downside.  Friday’s price action ended with a down bar but which found good support from both the 9 and 14 day moving averages suggesting...

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Pounds to Dollars 7th June 2010

UK’s sterling suffered at the hands of the US dollar on Friday and closed the trading session on a wide spread down bar breaking below USD1.45 and confirming the doji candles of Wednesday and Thursday which had signalled such a turning point.  Clearly the recent...

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Pounds to Dollars 27 May 2010

The pound dollar continues to consolidate in the current price area, having found support in the USD1.4250 region as it attempts to struggle higher as a result.  At present both the 9 and 14 day moving averages are presenting significant barriers to any rally, and...

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Pounds to Dollars 23 May 2010

Last week’s trading in cable was confined to a relatively narrow range with the currency pair attempting to re-base and build a platform of support in the USD1.42 price region.  Indeed both Monday and Thursday’s hammer signals suggested a modest recovery would be in prospect...

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Pound Dollar Chart 17 May 2010

Cable continues to march south with this morning’s gapped down opening adding further momentum to an already heavily bearish picture with sterling testing USD1.4250 in early trading before recovering somewhat to USD1.44 as the date of the UK budge was duly announced.  However, despite this...

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