Forex | Trading Signals | Sterling regain due to little thrust on U.S. dollar (20/07/2009 10:10:00)

Sterling regain due to little thrust on U.S. dollar

Fundamental The Pound is rallying at a strong pace on early European session times and, after bouncing at 1.6375. The pair has soared more than 100 pips in two hours to reach an some pips short of 1.6550. Technical The U.K. currency gives us a strong buying signal after confirmation of many indicators like RSI, which is in an uptrend; MACD crosses the signal line and breaks equilibrium level. Bollinger gives us a buying signal by closing the candle above the middle band. GBP/USD (Daily Chart)


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