wynnasuju
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MIG Bank: trading GBP/USD
Tuesday, August 28, 2012 - 10:40
GBP/USD dipped to $1.5753 that is just above the 100-day MA earlier today before returning to the levels right under $1.5800. Sterling reached 3-month maximum at $1.5912 on August 23.
Analysts at MIG Bank underline that British pound has breached its 2-month consolidation range to the upside. In their view, the pair’s recent uptrend will hold as long as it’s trading above $1.5708. The specialists recommend trying longs at $1.5810 targeting $1.5912/1.6190/1.6302.
Chart. Daily GBP/USD
http://www.fbs.com/analytics/2012-08-28/18984-mig-bank-trading-gbpusd
Tuesday, August 28, 2012 - 10:40
GBP/USD dipped to $1.5753 that is just above the 100-day MA earlier today before returning to the levels right under $1.5800. Sterling reached 3-month maximum at $1.5912 on August 23.
Analysts at MIG Bank underline that British pound has breached its 2-month consolidation range to the upside. In their view, the pair’s recent uptrend will hold as long as it’s trading above $1.5708. The specialists recommend trying longs at $1.5810 targeting $1.5912/1.6190/1.6302.
Chart. Daily GBP/USD
http://www.fbs.com/analytics/2012-08-28/18984-mig-bank-trading-gbpusd