Published on FXDD (http://forex.fxdd.com)
GBPUSD BROKE RESISTANCE OF 2.0305
By Forex Ira
Created Dec 6 2007 - 12:39am

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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