Thursday, April 2, 2009

GBP/USD: Sterling´s decline halted at 1.4110; Pound rises towards 1.4360

GBP/USD has risen from levels around 1.4130 on U.S. session times to reach a session high at 1.4340 regaining all the ground lost on Monday, and advancing, ahead of European session opening to 1.4360.

On the upside, 1.4360 could be the abutting attrition akin for the Pound, aloft here, 1.4420 (Mar 26 low), and again 1.4495 (Mar 26 High). In case of a bearish reaction, abutting abutment could lie at 1.4260 and again 1.4220/30, and 1.4200.

GBP/JPY bounced bygone at 135.65, extensive a affair aerial at 141.15 on backward Asian affair to abjure to levels about 139.55. At the moment of autograph the Pound seems to be about to set addition advance at intra-day aerial at 141.15.

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