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Forex Trading Signals Buy the British Pound/US Dollar Currency Pair
Thursday, 16 October 2008 20:38:25 GMT  |  David Rodriguez, Quantitative Analyst
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Our proprietary forex trading signals have just recently bought the British Pound against the US dollar—forecasting that the GBPUSD will rally through near-term trade. Indeed, the “Breakout2” trading system bought the GBPUSD at 1.7348 at 20:08 GMT. Our “Breakout2” trading system has been performing well as of late, as explosive volatility across forex markets has made many volatility-oriented strategies profitable through recent trade. Such forecasts are consistent with our British Pound/US Dollar technical outlook which suggests that the GBPUSD may rally through upcoming trade.

GBPUSD_2008-10-16

Keep track of this EURUSD signal and others on our Forex Buy/Sell Signals on DailyFX+ and be sure to monitor any updates, as our automated forex signals can and do change on a daily and intraday basis.

For more information and guides on using our DailyFX Buy/Sell Signals, see our Weekly Forex Trading Strategy Outlook report.

Written by David Rodríguez, Quantitative Analyst for DailyFX.com

To contact the author of this report, e-mail  drodriguez@dailyfx.com

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