FX.co ★ GBP/USD - bullish outlook - for March 07, 2013 (daily strategy)

The British pound before 7 A.M. Eastern Time was trading below 1.50 level. After the BoE had issued the interest rate, leaving it unchanged at 0.5%, this data gave a bullish momentum to the pound, which now is trading at 1.5041.Therefore, analyzing technical indicators; we expect an upward movement of the pair, for the next few hours or even the next day. So we recommend buying at current price levels with objectives in the nearest fractal of 1.5268 and above at 1.5614.

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