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Monday, July 16, 2007
GBP/USD: Stops Above 2.0375 Tripped, New 26-Year Peak Scaled
Tripped buy stops above 2.0375 have helped propel sterling to a fresh 26-year peak of 2.0389. Some option-related supply might emerge ahead of 2.0400, re: a touted exotic option barrier at the figure. Further option barriers are tipped at 2.0450, 2.0500 and 2.0550+.
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