GBP/USD

Another attempt higher was stopped near the yesterday’s high @ 2.0227. UK CPI data were in line with the market expectations and prompted a sell off which resulted ina another test of the uptrend line currently holding @ 2.0110. Technical indicators are still in negative territory and favor test of the psychological 2.0000 level.

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This entry was posted on December 18th, 2007 and is filed under Forex Trading. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response or Trackback from your own site.