Asset classes behave differently. Equities do not trade the same as treasuries, commodities, or currency pairs. And within the forex market, each currency pair has unique characteristics — despite the obvious ties between different pairs.

"Short-term trends in the EUR/USD pair" (Currency Trader, August 2007) analyzed the euro/U.S. dollar (EUR/USD) rate. This article takes a similar look at the British pound/U.S. dollar (GBP/USD) pair.