Forex: GBP/USD: The Pound rises above 1.4800

Thursday, April 30, 2009

The Pound has broken resistance level at 1.4810 during Thursday’s Asian session, and recovery from Tuesday low at 1.45145 has reached to 1.4850 high. 

At the moment the Pound trades around 1.4835 with resistance level at 1.4850 on sight, in case of climbing above here, next resistance comes at 1.4944 and 1.5000. On the downside immediate support lies at 1.4810 and below here, 1.4737 and 1.4675/90.

GBP/JPY recovery from 139.00 low on Tuesday has reached an intra-week high at 144.90 during Thursday’s Asian session although the Pound eased somewhat afterwards to trade around 144.40 at the time of writing. Resistance levels lie at 144.90 and 145.20. Support levels stand at 143.85 and 143.00.

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