Forex | Forex | Sterling 'Shines' As Housing & Stocks Prices Increase (31/07/2009 06:26:32)

Sterling 'Shines' As Housing & Stocks Prices Increase

British Pound (BPU9): Sterling opened higher at 1.6485 after a report from Nationwide Building Society showed U.K. housing prices increased for a third month in July 1.3%. A strong equity market and weaker DX sent prices to a morning Hi of 1.6527, before drifting lower towards the close, to end the session at 1.6489, up 133 tics. The close above the 10-day MA changes the s/t trend to 'positive' w/ neutral momentum indicators. A close above the 7/23 Hi of 1.6585 could challenge the Target Hi of


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