04.06.2008 11:21

GBP/USD breaks through $1.9600

Clawing its way higher, after the early downside pressure in Europe took rate through support at $1.9600 and down to lows of $1.9550. Rate currently trades around $1.9580. Offers remain in place between $1.9600/10, a break above to open a move toward $1.9625/30 ahead of stronger level at $1.9650. Bids remain in place on the approach to $1.9550 (61.8% $1.9361/1.9852).






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