Forex: GBP/USD holds above 1.4600

Tuesday, April 28, 2009

Pound weakened against the dollar during the American Session. GBP/USD now is recovering after reaching a session low at 1.4576. The pair has been moving in a small range in the last hours between 1.4590 and 1.4625. For the day is practically unchanged falling 0.07%. At 1.4510 GBP/USD has a key support level tested early today and also on Monday. During the week the pair has been traded in sideways, with no clear direction. 

GBP/JPY recovers after new month low

Against the yen the pound rallied today after reaching new month lows at 139.00 during the Asian Session. GBP/JPY has practically recovered all early losses falling now 0.28% for the day. The pair remains with a down trend in four-hour chart. 

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