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About LinkBacksTechnical analysts at Mizuho Corporate Bank note that British pound is clinging to the bottom of the daily Ichimoku Cloud. The specialists also point that the 9-day MA is limiting the recent minimums, while the Chinkou Span is getting a small lift from November Cloud.
According to Mizuho, if the pair GBP/USD closes the day above the 26-day MA in the 1.5850 area, momentum will become bullish.
The bank recommends buying pounds on the decline to 1.5700 and stopping below 1.5650. Sterling’s expected to advance to 1.5975/1.6000.
Chart. Daily GBP/USD
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12-13-2010, 07:40 AM #1
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FBS Holdings: Mizuho advises to buy pound versus US dollar
Last edited by FBS Holdings; 12-13-2010 at 07:43 AM.
FBS Holdings Inc. is an international brokerage company that provides its clients with access to world financial markets – forex, CFD, futures.
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