JPMorgan Chase & Co. believe in the pound exchange rate as the dollar started to decline

JPMorgan Chase overturned the recommendation to open the pound / dollar short positions

In brief: The exchange rate pound to the dollar is rising against the background of the overall positive British market. JPMorgan Chase & Co. advised to pay attention to the pound.

The pound exchange rate rises above today. U.S. dollar exchange rate remains fragile as the euro becomes the pivot. JPMorgan Chase & Co. overturned the recommendation of the open short positions in the British currency after the pound / dollar struck the April maximum.

“Despite the fact that in the short-term technical picture suggests a pause in the movement, now a breakthrough in an upward direction suggests an increased risk of bull movement,” – said Neil O Connor, a technical analyst at JPMorgan Chase in New York. Meanwhile, the euro began to fall to the pound a few minutes ago.

Igor Tringlers
2010-07-28 13:46, Currency news.

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