Intraday Market Thoughts

Archived IMT (2009.07.30)

by Ashraf Laidi
Jul 30, 2009 17:13

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. 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.

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.


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