Archived IMT (2009.06.26)

by Ashraf Laidi

Jun 26, 2009 15:30

GBPUSD increasingly failing to break above the $1.6580-00 territory as the pound continues to largely rally n USD weakness but faltering on the absence of positive UK-figures and lack of follow-up in recovering risk appetite. Weekly cable chart shows peaking oscillators and shrinking candles. EURGBP has yet to regain 0.86, while GBPCAD retains strength mainly at the expense of broadening CAD weakness.

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