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COT 05/12

Monday, 12 May 2008 14:43:01 GMT

Written by Jamie Saettele, Technical Currency Analyst

Implications: Bullish

05-12-08cot4

GBP: GBP positioning is similar to Euro positioning.  The 52 and 13 week indexes are both at 0.  Both indexes has indicated a bearish extreme for about a month now.  A turn towards strength is likely.

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