Archived IMT (2009.07.30)

Reminding traders of watching the CLOSING values rather than the session highs. GBPUSD struggles to hold above $1.65 but 1.6550 remains key selling point. http://twitpic.com/c53lh Previous IMT (GBPJPY Daily) requires a close above 157.40, but the 4- hour chart suggests the possibility of a fade out in the latest run as far as momentum is concerned. http://twitpic.com/c53r5

The Bank of England has just announced the conclusion of its guilt purchase program, but it clarified it would review the scale of the next purchase next month.