Chief Market Analyst For SwingTraderOnline
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New GBP/USD High Opens Up Longer-Term Intraday Swing
The GBP/USD has pressed higher on the MPC today as it seems that both Carney & Co. and pound sterling bulls are on the same page regarding a “sustainable” recovery in the U.K. The fundamentals are now stacked with the solid data out of the U.K. being backed up by the BOE which acknowledges that things are getting better; traders on the long side can - for now - breathe a sigh of relief that they’re on the right side of the trend. The trend itself has not only broken and re-tested the 200DMA, but has now formed a more convincing bullish Directional Bias. This in turn has opened up the longer-term, intraday ... (full story)