Wednesday, February 13, 2008

13 Feb 08 GBP Analysis


We are waiting for the BoE inflation report to be released later. If the report is biased towards lower interest rates in the months to come, a move towards 1.9330 can be anticipated.
As soon as the lower 1.9330 support line is violated, the GBP will be situated in a perfect bearish trading probability and the new Major trend will then take effect...

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