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Forex Seasonality in the British Pound

Wednesday, 01 October 2008 15:54:02 GMT

Written by David Rodriguez, Quantitative Analyst

The British Pound has shown a fairly consistent bullish forex seasonal trend through the past five months of October, but clear declines in the previous four months suggests that the longer-term pattern is unclear. Our Senior Strategist’s technical forecast for the GBPUSD studies suggests that we will see a short-term correction in the GBPUSD—producing noteworthy rallies.

10-01-08-SSI1

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