Future Business

May 16, 2009

The Pound strengthens after U.S. data and reaches 1.5245 day high

Filed under: Market, News

GBP/USD bounce from 1.5135 intra-day low has strengthened and the Pound has jumped above 1.5215, Asian session support level, reaching 1.5245 intra-day high level at the time of writing.

Resistance levels lie at 1.5245 intra-day high, and above there, 1.5300 and May 13 high at 1.5335. On the downside, support levels are 1.5215, intra-day low at 1.5130 and below there, 1.5060(May 14/ April low).

GBP/JPY bounce from 143.55 has soared to levels around 145.50 moments after U.S. data release. The Pound advances on a strong pace with next resistance levels at 146.45 intra-day high and 146.95. Support levels lie at 145.00 and 144.65.

Comments »

No comments yet.

RSS feed for comments on this post.

Leave a comment

Line and paragraph breaks automatic, e-mail address never displayed, HTML allowed: <a href="" title=""> <abbr title=""> <acronym title=""> <b> <blockquote cite=""> <code> <em> <i> <strike> <strong>



Anti-spam measure: please retype the above text into the box provided.






















Get free blog up and running in minutes with Blogsome
Theme designed by Minz Meyer