Tuesday, September 15, 2009

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

Tue, Sep 15 2009, 19:48 GMT

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 (Sep 16 at 05:36 GMT)

0.8914/20 (0.26%)

H 0.89192 L 0.8886

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

[ View EUR/GBP technical studies ]

No comments:

Post a Comment