GBP/USD News for the week of July 22, 2013
The GBP/USD pair
closed above the 1.5250 level, an area that we had suggested is the
assigned to start buying again. We think this market eventually makes a
move up to the 1.55 handle, but whether or not he can do it in one short
we is a completely different question. Nonetheless, we do believe that
the buyers are starting to exert their force again, and we think that a
move above the highs from the past week is a signal to start buying for
at least a couple of hundred pips.
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