Tuesday, May 19, 2009

British Pound - New High For The Year



The British Pound made a new high for the year today and is quickly becoming one of the strongest currencies out there. If you look at the other major foreign currencies such as the Euro, Swiss Franc and Japanese Yen, you'll see that all of them have not made new highs for the year. The British Pound is without a doubt the currency that money appears to be moving into since this year began.

3 comments:

frank said...

Any upside target?

Anonymous said...

if stock market tanks as you postulated before, pound will retreat. so the breakout is a fakeout.
I expect pound to reach $1.20 as the fundamentals stink.

Anonymous said...

Kevin, do you think this 50% support would offer bounce for UsdJpy ? It looks for me so because it´s also pretty sizy double bottom.

Eur-Usd is definetely going to be interesting pair on next week when auctions are going to hit market.

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