BUZ INVESTORS GBPUSD increased 0.0007 The GBP/USD pair rally during the week, testing the top of the recent consolidation area. If we can break above the 1.27 level, the market should then break out to the upside and go much higher. Ultimately, I think there’s far too much in the way of noise in this area, at least to make a longer-term trade. I believe that short-term trading is probably about as good as is going to get in the cable pair currently. However, I will keep you abreast of any longer-term upcoming moves.
The GBPUSD increased 0.0007 or 0.06% to 1.2512 on Friday April 14 from 1.2505 in the previous trading session. Historically, the British Pound reached an all time high of 2.86 in December of 1957 and a record low of 1.05 in February of 1985.
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