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Pounds to Dollars Forex Forecast 10 Aug 2010

Yesterday’s price action on the pounds to dollar forex chart once again stopped short at the USD1.60 before the currency pair fell sharply to a low of USD1.5710 following release of the RICS house price data which confirmed a slowdown in the UK housing market...

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Pounds to Dollars Forex Forecast 9 Aug 2010

While the markets wait for this week’s fundamental news the pounds to dollars pair continues to flirt with the psychological USD1.60 price handle with Friday’s candle falling short at 1.5994 as today’s price action confined to a narrow price range and consolidating neatly below this...

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Pounds to Dollars Forex Forecast 4 Aug 2010

The pounds to dollars pair ended yesterday’s forex trading session as a narrow spread up candle which failed to breach the psychological USD1.60 level, falling short at USD1.5964 and to close marginally lower.  Following the recent sharp rise in the pair we can expect to...

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Pounds to Dollars Forex Forecast 3 Aug 2010

The pounds to dollars pair pushed strongly higher yesterday surging through the USD1.58 level and ending with a wide spread up candle having briefly touched USD1.5907 during the forex trading session.  This bullish momentum has continued through this morning’s London trading session as the pair...

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Pounds to Dollars Forex Forecast 2 Aug 2010

The pounds to dollars pair continues to rise from the ashes with Friday’s wide spread up candle using the 200 day moving average as a springboard to bounce higher and ending the week fractionally below USD1.5700.  As such this has further confirmed the bullish momentum...

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Pounds to Dollars Forex Forecast 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...

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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 Forecast 22 July 2010

The pounds to dollars currency pair appear to be following a similar pattern to the eurodollar and indeed the once strong, positive correlation between the two pairs now appears to have reconnected.  In the case of cable the resistance level is now established at USD1.5472...

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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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