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Forex: GBP/USD: Pound rises to test 1.4580 level
FXstreet.com (Barcelona) - The Pound has jumped about 140 pips on late Asian session, and, after having remained consolidating between 1.4450 and 1.4515 for the whole Asian session, the Pound has broken higher to test levels right below 1.4600.Resistance levels lie at 1.4580 (Apr 7 low), and above here, 1.4600 (Apr 10 low), in case of successful move above that level, the Pound could aim towards 1.4655. On the downside, initial support might lie around 1.4520/10 and below
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Forex: GBP/USD: Sterling picks up and reaches 1.5180
!--TITOL: h1Forex: GBP/USD: Sterling picks up and reaches 1.5180FITITOL--FXstreet.com (Barcelona) - Sterling is gathering momentum on early European session and the GBP/USD, after having bottomed at 1.5115 on early Asian session, has reached levels right below 1.5200 resistance level.br /br /According to a href=http://www.fxstreet.com/technical/forex-strategy/forex-chartist-technical-analysis/2009-05-18.htmlCarol Harmer/a, technical analyst at Charmer Charts, the Pound reaches a key level, likely to trigger sellers: Sterling faltered at 1/5390 and sellers have pushed this lower to 1.5114 overnight. Buyers have been seen, and currently buyers
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Forex: GBP/USD: Pound hits a fresh 6-month high at 1.6175
FXstreet.com (Barcelona) - The Pound has continued advancing during the European session, and from intra-day low at 1.5915 in Asian session, Sterling has reached 6-month high levels at 1.6175.According to the Swiss e Trade Strategy Team, some downward correction might occur although, in any case below 1.6030: Cable is in a bull market in early European trading, about to test the 1.6100 resistance level, right now priced at 1.6080. We expect some downward corrections soon, but not moving beyond the
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Forex: USD/JPY: Dollar picks up from 96.05 low and approaches 97.00
FXstreet.com (Barcelona) - The Dollar has bounced at 96.05 intra-day low on Asian session to appreciate during European trading hours, reaching levels below 97.00.In case of further climbing, above 97.00, next resistance level lies at 97.30 and then 97.50. On the downsde, support levels lie at the 96.00/15 area, and below there, 95.90, and then 95.55.According to the Swiss e Trade Strategy Team, the Dollar could continue appreciating up to 97.20: After a weak Asian session, the dollar started to
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Forex: USD/JPY losts initial gains and falls to 94.75
FXstreet.com (Barcelona) - After trading in a small range between 95.00 and 95.20 during the late Asian and European session, the USD/JPY has been rejected by the 95.20 resistance in the early American session and it has fallen around 45 pips to find support at 94.75 (EMA55 level). Currently the pair is trading around 94.80, same today's opening price action.Valeria Bednarik, FXstreet.com collaborator, comments that USD/JPY is in consolidation mode: Pair regained the upside during Asian session, and continues consolidating
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Stronger Canadian Retail Sales Unable to Support Canadian Dollar
The Canadian dollar has shrugged off stronger-than-expected retail sales and continues to lose ground against the U.S. dollar ahead of the North American trading session on Friday.Due to a Japanese government holiday, trading in the Asian session was relatively quiet for USD/CAD, which has traded in a fairly tight range. However, volatility picked up in the European session where the cross hit a session low at 1.2293 CAD. The U.S. dollar was quick to recover its losses,
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