07.10.2008 15:52

GBP/USD gains extend further


Extends recovery, off earlier lows of $1.7322, currently trading above $1.7460 but seen meeting resistance from offers in the current area. Stronger offers noted in the area between $1.7480/85 ( 50% $1.7645/1.7320). A break above here to open a move on toward $1.7520/25 ( 61.8%). Bids now reported in place at $1.7375/70, $1.7320 and $1.7285/80.






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