The Trend of the Day - GBP/USD

Published July 21st, 2009 - 11:07 GMT
Al Bawaba
Al Bawaba

Cable Climbing Higher



After a brief foray above the 1.6600 at the end of June, Cable fell to a low of 1.5982 on June 8th. Since then, GBP/USD has moved some 500 pips and may gain much more in the coming days. Look for this trend to continue as dips should be considered buying opportunities.