Monday, August 03, 2009

British Pound Closes Strong For a Second Day



Today the British Pound rallied putting in another strong day. I like the fact that this currency was able to close two days in a row outside of the breakout area. This in my opinion adds to the validity of the breakout being real and not a fake out. As we all know, anything can happen in the markets but seeing the pound rally the way it did today adds more fuel to the bullish argument for this particular currency.

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