Forex: GBP/USD rebounds at 1.6400 and tests levels above 1.6500

Tue, Sep 15 2009, 19:48 GMT
http://www.fxstreet.com

FXstreet.com (Córdoba) – Cable found support at 1.6400 and from there started to rise. GBP/USD topped at 1.6510 posting the highest price for the American session. The rally in U.S. equities boosted Cable. Currently the pair is back below 1.6500 and is still down for the day, 0.50% below today’s opening price. The next resistance lies at 1.6520 (Sep 14 low) and above at 1.6590.

Against the Euro, the Pound plunged today falling to a fresh 4-month low. EUR/GBP rose to 0.8895 posting the highest price since May 15th.

• EUR/GBP
• GBP/USD

EUR/GBP (Sep 16 at 05:36 GMT)

0.8914/20 (0.26%)

H 0.89192 L 0.8886

S3	S2	S1	R1	R2	R3
0.8867	0.8890	0.8912	0.8921	0.8943	0.8966

[?]Trend Index	[?]OB/OS Index
Slightly Bullish	Neutral
Data updated on Sep 16 at 05:15 (15-minute timeframe)

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