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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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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: 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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GBP/USD: Pound pulls down to 1.5200 from 1.5330 intra-day top

FXstreet.com (Barcelona) ? The Pound seems to have found a rather tough resistance area at 1.5330/50; GBP/USD has broken intra-day low at 1.5240 after being rejected at 1.5330.The Swiss e Trade Strategy Team, anticipates the Pound?s correction: ?Retreating from resistance at 1.5350, cable is currently priced at 1.5270 in early European trading. We do not expect much upside potential today and rather project a downmove to the 1.5200 level.?Next support level comes at 1.5200 and below here, 1.5145/55 and

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Forex: GBP/USD: Pound testes 1.5000; USD/JPY tries to get back to 99.00

FXstreet.com (Córdoba) ? GBP/USD crossed for a few minutes 1.5000 and then went back. Now the Pound quotes at 1.4970 just above support zone at 1.4965. The key level still is 1.5000. For the day GBP/USD has risen 0.40% and reached an intra day high at 1.5008. Resistance levels for the upside lie at 1.5065 (Apr 16 high) and 1.5080/90. The yen is gaining also against the dollar. USD/JPY is now at 99.00 after falling to 98.71 (intra

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Forex: GBP/USD: Pound drops to tesst intra-week low at 1.5065

FXstreet.com (Barcelona) ? Rejected from intra-day highs at 1.5170 level, the Pound has dropped all the way to hit a fresh intra-week low at 1.5057 as the pair struggles to remain above 1.5065/70 support.On the downside, below 1.5065, next resistance levels come at 1.4985 (Feb 9 high) and below there, 1.4945 (April 30 high). On the upside, intra-day resistance lies at 1.5155/70 and above there, 1.5200/10 and 1.5255/65 (May 8 and 11 highs).GBP/JPY decline from 150.50 Monday?s high, has

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GBP/USD: Pound hits 1.4520 low after UK data

FXstreet.com (Barcelona) - GBP/USD, has lost about 100 pips during the European session so far, from levels around 1.4610 at the European opening time, the Pound has reached a intra-day low at 1.4522 after UK unemployment , PSNB and BoE minutes were released.At the moment, the Pound trades around 1.4540, 0.90% below its opening price, and support levels lie at 1.4515, and below here the area between 1.4475/65 (intra-week low) and 1.4400. On the upside, the Pound might find

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Forex: GBP/USD: Pound reaches above 1.4600 again; bias remains bearish

FXstreet.com (Barcelona) - The Pound seems to have managed to pull itself together and take back the ground lost after negative Unemployment and PSNB data, bouncing from 1.4520 low, the pound reaches levels right above 1.4605 previous intra-day low at the time of writing.On the upside, the Pound could find resistance at 1.4700 (Intra-day high) and above there, probably 1.4755 (Apr 17 low) and 1.4815 (Apr 20 high). In case of diving back below 1.4605/00 again, next support could be

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Forex: GBP/USD: Pound Picks up and approaches 1.5700 from 1.5511 low

FXstreet.com (Barcelona) - The Pound is picking up strength after S&P outlook's blow, and from intra-day low at 1.5511, the Pound has bounced to prices right below 1.5700, after S&P affirmed the UK is not on CreditWatch.Immediate resistance level could be at 1.5700, and above there, probably previous intra-day low at 1.5730 and 1.5817 (6-month high). On the downside, support level lies at intra-day low at 1.5510 and below there, 1.5450 (May 20 low), and 1.5370 (Jan 8 high).GBP/JPY

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