GBP/USD analysis:
The equities market still pose a positive direction. Dow went up again, support above 10000.
It look like some bad news are coming out to dampen the EUR. But EUR still look good and well supported at 1.26/7.
Pound attempted a break out up yesterday, but retreat at 1.552. It is still struggling at price range of 1.550 and 1.530.
A break at 1.554 will trigger the pound to hit 1.57, while a break below 1.53 will see the pound go to 1.51.
For today, catch small profits within the range 1.538 and 1.548.
Thursday, September 09, 2010
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