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Monday, March 12, 2007
GBP/USD: Extends South on Fresh Selling of GBP/JPY
Another bout of GBP/JPY selling is being blamed for cable's latest tumble to six-day lows just shy of 1.9250. The name-in-the-frame re: the GBP/JPY selling is an Eastern European Central Bank. Formerly noted support points south of 1.9250 include 1.9240, 1.9230, 1.9200, and 1.9185 (last Monday's 15-week floor).
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