Forex | Forex Strategies | Forex Trading Analysis for GBP/USD (18/08/2009 22:19:20)

Forex Trading Analysis for GBP/USD

Forex Technical Analysis Unlike its cousin the Euro, the British Pound bounced back in style today ending the forex trading session with a wide spread up bar which could loosely be described as bullish engulfing, although I hesitate to use the term given the last three months of interminable sideways grind.  In addition Sterling has today steadfastly refused to accept its fate as decreed by the BOE and dared to rise.  However, it is interesting to note that the high of the day found


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