As a sharp rally saw the pair wiping out its corrective weakness from the 1.5127 level to close higher at 1.5161 on Thursday, risk of further strength is now set to extend towards the 1.5308 level, its May’10 high. This price action has resumed GBP’s nearer term uptrend started from
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GBPUSD: Bullish Momentum To Target The 1.5308 Level
– July 3, 2010Posted in: Forex Technical Analysis