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GBPUSD BROKE RESISTANCE OF 2.0305

Posted by Forex Ira on Thu, 12/06/2007 - 12:39am in

And went as high as 2.0315 before aggressive offers from US investment bank pushed it down to 2.0285 lvl

Expect some consolidation for most of the day until the 7:00 am EDT Interest rate announcement

Should see some jittery trading action today and although market talking of no change by BOE, if they indeed do leave rates unchanged , look for huge rally in GBP

ALso keep in mind ECB Rate announcement (expected unchanged) announced at 7:45 am EDT and Friday we will see US Payroll data

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