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Forex: GBP/USD: The Pound, rejected at 1.5900, retreats to intra-day low below 1.5800

FXstreet.com (Barcelona) - The Pound has reversed from resistance level around 1.5900 on early European session to hit a new intra-day low at 1.5765 so far.According to Carol Harmer technical analyst at Charmer Charts, observes the possibility of the Pound returning to levels below 1.5700: Now if after the recovery of yesterday this runs out of steam and buyers cannot break 1.5900 look for this to come lower with 1.5686/60 once more their targeted area... Buyers will still be around,

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Forex: GBP/USD: Sterling picks up aboce 1.4650 on Drarling?s comments

FXstreet.com (Barcelona) ? The Pound seems to be picking up from intra-day?s low at 1.4575 reaching levels above 1.4650 on the back of Darling?s speech; The Pound trades, at the moment, at 1.4690, close to next resistance level at 1.4700.If the Pound reaches above 1.4700 (Apr 21 high) next resistance level stands at 1.4745/55 (Apr 23 high/ Apr 19 low) and above here, 1.4840. On the downside, 1.4640 and 1.4575 (intra-day low), below here 1.4515.According to the Mattf.com technical

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Forex: GBP/USD: Pound approaches 1.5900 on recovery from 1.5775 low

FXstreet.com (Barcelona) - The Pound is taking back lost ground and, after having broken above May 25 low at 1.5835, the Pound trades around the middle of the previous range at 1.5880.Next resistance level lies at 1.5885, and if the Pound breaks above here, 1.5945/50 (May 22 high/ Intra-day high), then 1.6000. On the downside, initial support level lies at 1.5780, new intra-week low, and below there, 1.5755 (May 22 low), and below there, probably 1.5675.The Kshitij Consultancy Service

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Forex: GBP/USD rises above 1.5300 and reaches 1.5315, fresh intra-day high

!--TITOL: h1Forex: GBP/USD rises above 1.5300 and reaches 1.5315, fresh intra-day highFITITOL--FXstreet.com (Barcelona) - Sterling is continuing with its recovery from intra-day low at 1.5115 and it has reached a fresh intra-day high at 1.5315 after rising 80 pips in the last hour from 1.5235. Currently the pair is consolidating above 1.5300, trading around 1.5295/1.5305, 0.90% above its today's opening price action.br /br /On a longer perspective, Mohammed Isah, technical analyst at FXTechstrategy, a href=http://www.fxstreet.com/technical/forex-strategy/daily-technical-strategist/2009-05-18.htmlaffirms that recovery from 1.3655 low

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GBP/USD: The Pound rejected at 1.4655 tests intra week low at 1.4465

FXstreet.com (Barcelona) ? The Pound is going through a sharp downward reversal on the back of the budget speech by U.K. Chancellor of the Exchequer Alistair Darling; GBP/USD was rejected at 1.4655 dropping all the way to a new intra?day low at 1.4476.The Pound is right at support area 1.4475/65, in case of further downside move, next support level could come at 1.4400 and then 1.4365/75. On the upside, once above 1.4515, the pair could find resistance at 1.4585/1.4600 and

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Forex: USD/JPY tests 96.00, intra-day high

!--TITOL: h1Forex: USD/JPY tests 96.00, intra-day highFITITOL--FXstreet.com (Barcelona) - The Dollar is continuing its recovery from its lowest level in two months at 94.55 against the Yen and the USD/JPY is testing 96.00 level after rising around 40 pips in the last hour form 95.60. Currently the pair is trading around 95.80/96.00, 0,85% above today's opening price.br /br /Last week, the Greenback lost 3.40% against the Yen after opening the week at 98.70 in Monday, reaching 98.80 as intra-week high

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Forex: USD/CAD tests 1.1700 after reaching 1.1685, intra-day low

!--TITOL: h1Forex: USD/CAD tests 1.1700 after reaching 1.1685, intra-day lowFITITOL--FXstreet.com (Barcelona) - After falling 130 pips from 1.1815, intra-day high, in the early Asian session to reach 1.1685, intra-day low in the European session, the USD/CAD has rebounded slightly to test the 1.1700 level. Currently the pair is trading around 1.1700/10, 0,75% down from today's opening price.br /br /Last week, USD won 2.61% against the CAD, first positive week in 7 weeks, after opening at 1.1490 in Monday May 11,

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Forex: USD/JPY: Dollar drops lower to 95.20 intra-day low

FXstreet.com (Barcelona) - Rejection from 96.10 resistance area has extended below previous intra-day low and the Dollar has weakened on early U.S. session to 95.20 low, giving away most of ground taken on Monday's rally.According to Valeria Bednarik, collaborator at FXstreet.com, the hourly 20 SMA, currently around 95.85, is exerting resistance on the pair: Still under pressure after breaking under 96.00, indicators in the hourly chart are quite flat, but slightly bearish, while 20 SMA above actual price kept the

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Forex: GBP/USD: The Pound, rejected at 1.5900, retreats to intra-day low below 1.5800

FXstreet.com (Barcelona) - The Pound has reversed from resistance level around 1.5900 on early European session to hit a new intra-day low at 1.5765 so far.According to Carol Harmer technical analyst at Charmer Charts, observes the possibility of the Pound returning to levels below 1.5700: Now if after the recovery of yesterday this runs out of steam and buyers cannot break 1.5900 look for this to come lower with 1.5686/60 once more their targeted area... Buyers will still be around,

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Forex: EUR/USD: Euro dips further, below 1.3300

FXstreet.com (Barcelona) ? The Euro has dropped about 100 pips from from 1.3375 intra-day reaching 1.3270, giving away all the ground taken after the ADP report. At the moment, the Euro is testing 1.3275 support level. In case of further decline below 1.3275, next support level could come at 1.3250 intra-day low and 1.3210 (May 4 low). On the upside, initial resistance would be at 1.3300 and above there, 1.3340 and 1.3375, current intra-day high.Despite the decline, Valeria Bednarik, collaborator

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