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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: ggersh who wrote (25798)	12/23/2009 7:56:58 AM
From: RockyBalboa	Read Replies (1) \| Respond to of 71426

The pound... now what, next try towards 1.5 or just another trap? >>> Forex: GBP/USD edges lower and hits 1.5923 low after BoE Minutes Wed, Dec 23 2009, 09:52 GMT fxstreet.com Related News * Forex: USD/CAD breaks below 1.0535 ahead of GDP release * ForexLive: European Morning Wrap Up; It’s all over bar the shouting * Forex: GBP/USD remains within a range from 1.5920 to 1.5980 FXstreet.com (Barcelona) - The Pound has gone slightly lower to break below the tight range it was trading in during European session, to hit fresh day low at 1.5923, although the pair picked up to 1.5940 shortly afterwards. On the downside, initial support level lies at 1.5920 (Dec 22 low), and below here, 1.5850 and 1.5825. On the upside, resistance levels lie at 1.6030 (Dec 21 low), and above here, 1.6050 and 1.6125. Bank of England's Monetary Policy Committee voted unanimously in favour of keeping interest rates at 0.5% record low, according to the minutes of December 9th and 10th meeting as well as to maintain its GBP200 billion target for its assets purchase program.