Published: Fri, 06 Nov 2009 08:47:00 +0100
Forex: GBP/USD: Pound hovering below 1.6635, 2-weeks high
FXstreet.com (Barcelona) - The Pound pulled down early Thursday from 1.6600 high to find support at 1.6465 before bouncing up after BoE's monetary policy statement, reaching a fresh 2-weeks high at 1.6635,. At the moment, the Sterling trades right below 1.6635 resistance, which could be re-tested any moment.
Immediate resistance lies at 1.6635 (Nov 5 high) and above here, next resistance would be 1.6695 (Oct 23 high) and 1.6745 (Jun 30/Sept 11 highs). On the downside, initial support lies at 1.6560 session low, and below here, 1.6510 and 1.6465/75 (Nov 5 high/Nov 2 low).
GBP/JPY bounced on Thursday at 148.50 to find resistance at 150.65/75 area. The Pound remains trading above 150.00 with resistance levels at mentioned 150.85 and 151.35. Support levels are 150.05 and 149.70.
By Fxstreet.com
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