18.11.2008 12:20

GBP/USD failed to extend rise above $1.5100


Traders report that decent offers seen placed between $1.5090/00, with talk of stops placed through the figure. Failure to extend move above $1.5100 has prompted longs to pare back, take profit, with rate knocked back to $1.5030, but move only serves to attract renewed demand, lifting it back to $1.5045, currently trading back around $1.5030. Support noted toward $1.5000, stronger around the earlier mentioned technical support at $1.4980.






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