The Pound is picking up strength ahead of the BoE monetary Policy decision, and its rally from intra-day low at 1.5070 has extended above 1.5165 may 5 high reaching levels close to 1.5200, a fresh 4-month high.
Next resistance level remains at 1.5190, and above there, 1.5370 (Jan 8 high) and then 1.5725 (Dec 17 high). On the downside initial support comes at 1.5165 and below there, 1.5100 and 1.5065.
Popular Posts
-
The Yen rose against major currencies for second day in a row against European currencies. USD/JPY fell for third consecutive day. Today rea...
-
The U.S. dollar continued to gain today after the yesterday’s rather significant rally as the speculations that the world’s biggest economy ...
-
Australian Dollar has appreciated further on Tuesday’s European session, and the pair has risen from levels around 0.7400 to 0.7475; 7-month...
-
WASHINGTON -- A trio of reports Friday suggested the economy, while still sick, is healing a little. Consumer sentiment, for instance, got b...
-
The Gross Domestic Product (GDP) - The sum of goods and services produced by domestic or foreign companies. Industrial Production - A measu... -
The Euro has appreciated somewhat from 1.2450 low seen in early March to reach levels around 1.3300 on the first days of May, a trend which,...
No comments:
Post a Comment