Thursday, February 4, 2010
GBP/USD Towards 1.5710
GBP/USD has blown away support at 1.5835 and the next target is the October 2009 low of 1.5710 says Trader. Below here 1.5625 should give support and may even trigger a rebound says the bank, otherwise any drop below 1.55 implies a major shift in sterling sentiment. GBP/USD now at 1.5766.
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