Tuesday, August 11, 2009
Sterling remains consolidating in tight range
FXstreet.com − GBP/USD Current Price: 1.6486. Unchanged since early Europe, pair remains consolidating in a tight range, between 1.6430/1.6500. Hourly charts however had turned to slightly bullish as the pair approaches to the 1.6500 zone. Above that, lies yesterday's high of 1.6520, yet the pair must clearly break above 1.6550 to call for a bullish continuation.
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