From The Charts – EURGBP →
After rallying for 5 trading sessions, the $EURGBP topped out at 0.8631 to make a low at 0.8588 in today’s trading session. Though this high was well below the 0.8650 bull target, it did…
The Week Ahead March 6 2011
Despite finally breaking the 2010 1.6300 high, the $GBPUSD was unable to stage a breakout rally as many traders expected if price was to move above 1.6300. Rather, cable has been looking exhausted though it still does manage to maintain its bullish bias as it closed last week above 1.6250. Inflation and revelations of a 3rd BoE hawk have bolstered the $GBPUSD currency pair above the large...