British Pound Turns the Corner - Clear Skies Ahead?
Trade Implications – GBPUSD: Past performance is not indicative of future results, but the Momentum2 system has done well trading the GBPUSD through recent price action. Indeed, a break above $1.5171 leaves our Currency Strategist in favor of a GBPUSD move towards $1.5281 and $1.5392.
--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.