Forex | Forex Strategies | Pound vs Dollar - Daily Candle Chart (12/08/2009 12:03:35)

Pound vs Dollar - Daily Candle Chart

Following the last three days of sharp falls on the pounds to dollars daily chart the currency pair took a breather yesterday ending the trading session with a tiny spinning top ahead of the two day FOMC meeting which is due to conclude later today.  The pound dollar pair is now perched precariously on the 40 day moving average which is almost acting as a tightrope, and in addition the support platform at this level is now fully in play.  Whilst these factors will dictate the


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