- (
Late post which should have been made last week) - Last at 1.6185
- Weekly uptrend line broken convincingly
- Move is probably more UK specific (ramping up QE) than due to USD general strengthening or Risk Off
- But worth watching out for similar breaks in other currencies eg EUR/USD, AUD/USD
- Fresh short at 1.6266
27 August 2009
GBP/USD : Sell Signal
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