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British Pound Forming A Bottom

Out of the four major currencies that I follow (yen, pound, euro and swiss), the British pound is clearly the weakest currency. However, if you look closely at the above chart you will see something that could be of interest to you.

Above is a weekly chart of the British Pound and in the lower pane is the net position of the commericals. You’ll notice the pound looks as though it is trying to…
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  27 May, 2008| Technical Analisis | @ 17:32

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