Tuesday, June 30, 2009

Sterling ready to break 1.62/1.66

GBP/USD Current price: 1.6590. Again pushing trough the 1.6600 zone, pair seems ready to break past weeks range of 1.62/1.66. Hourly indicators still suffer the effects of lateralization thus, confirmation above 1.6610 zone could trigger strong bullish momentum in the pair to the 1.6662 zone, year high.

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