, On Wednesday February 23, 2011, 8:09 am
The GBP/USD appears poised to move up to test the 1.6300 level.The GBP continues to climb as traders believe that the Bank of England may be leaning towards raising interest rates at some point in the near future. The move up off of the late May low continues with the pair moving up towards the early November high of 1.6298. I would continue to look for buys as long as the pair remains above the 1.57497 low noted on the chart.
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