« Choppy Euro Today | Home | Dollar Fall Against Yen »
GBP Free At Last
By Rox Sweetman | December 16, 2009
British pound sterling, GBPUSD finally breaks out of range that began in last week Thursday trading session causing a buying frenzy this morning. Is this a move that could cause us all singing, “Free at last, free at last Thank God Almighty, free at last?”
GBP Free At Last
The past five trading sessions have seen windless trading days with very little trend to hold on to. The day began at 1.6245 which later declined to 1.6229.
The morning sentiments began to change as the euro -zone reports began to trickle in causing a spike in the cable, pound sterling, GBPUSD pair. As the day unfold more and more it spelt further weakness for the dollar as current account debts widen.
Nonetheless, the day was saturated with a mixed-bag of news with something for everyone. From a trading standpoint, the pound sterling, GBPUSD market has since broken through the 6400 on the upside. It got most of our traders singing Hallelujah chorus as many made profitable gains from their open positions.
How did you do on the day? Share your thoughts.
Related Blogs
- Kim Jong-il caption contest
- thejetsblog.com » Caption Contest: Two Dudes and a Suit
- CAPTION IT! « Young, Black, and Fabulous ::Celebrity Gossip Never …
- CAPTION THIS Winner: Lady Gaga's Caffeinated Hairdo « Idolator …
- Caption Contest! – CarDomain Blog
- Vladurday: Your attempt to caption this photo has been noted …
- Hot Air » Blog Archive » Quotes of the day
- Quote Of The Day | PerezHilton.com
- GOP Day 1: We Love The Press | Capital Notes — From KQED's John Myers
- DAY 690 | bigb.bigadda.com
- 30+ Free High Quality Gadget PSD Files | Naldz Graphics
- The Ultimate Roundup of Amazing Free Social Media Icon Packs …
- Car Insurance : Hassle Free Car Finance on New or Used Cars – Auto …
- .toolbox – Free online Silverlight and Expression Blend training …
- GBP/USD Outlook – March 15-19 | Forex Crunch
- Live Realtime FOREX Day Trading — GBP/USD — Stole 45+ pips from …
- Update: GBP/USD slows after channeling for 2 days | Forex News and …
- Forex Trading: GBP/USD Breaks Above Formation – Pushed Higher …
- Some Saturday Morning Chocolate Sexy: Lance Gross | Bossip.com
- Toronto Raptors Morning Coffee March 13 | Raptors Republic – ESPN …
Tags: GBPUSD, gbpusd breakout, Pound Sterling, trading
We are grateful for your visit today. Have you considered "Getting instant updates" whenever we post? Get connected on the latest market trends. Be the first to know. Enter you email on Big guy's chest on the right.
If you enjoyed this post, make sure you subscribe to my RSS feed!
Popularity: 1% [?]
Related posts:
- GBPUSD Falls on Trade Balance
- GBPUSD Fell Sharply On Current Account Report
- GBP USD Violate Supports
- GBP/USD, GBP/JPY, EUR/GBP – Low Risks Opportunities Today
- GBP USD Today Analysis
Comments
You must be logged in to post a comment.
