Wednesday, June 25, 2014

GBP/USD Rejected By 2009 High

GBP/USD had a good chance of advancing further north, but the bullish momentum was stopped by 1.7044, the 2009 high, and by a more dovish than expected stance of the BOE. Now the Sterling is set to decline to 1.68, where it is supposed to be underpinned by the up-trend



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