by Wed, 06 Apr 2011 02:19:00 +0200
Forex: GBP/USD breaks 1.6300, averages +100p/day in April
FXstreet.com (Barcelona) - Just breaking through another big round number at 1.6300, Pound seems destined to outperform all its rivals this week on the back of better than expected UK data and a shift in investors sentiment regarding high yield Euro; ahead of ECB and with sovereign debt jitters, Pound seems more attractive right now.
On Tesday, Pound soared almost 200 pips from a low at 1.6090 to close NY at 1.6293. This meteoric rise comes after a recovery first staged at 1.5970 on April 1. From a tecnical view: "Pair holds the bullish tone, as s long as above 1.6260 immediate support. Bigger time frames show indicators slightly exhausted, yet far from turning lower".
Support levels: 1.6260 1.6220 1.6170, Resistance levels: 1.6330 1.6365 1.6400
| Technical Analysis (2011-04-06 00:00 GMT) | |
|---|---|
GBP/USD 1.6305/1.6307 - O: 1.6078 H: 1.6082 L: 1.6068 C: 1.607 | |
| Trend | R3: 1.6385 |
 | R2: 1.6344 |
| R1: 1.6303 | |
| S1: 1.6215 | |
| S2: 1.6255 | |
| S3: 1.6296 | |
Actualité du forex
Forex News
- Oil Maintains Bullish Trend amid Middle East Tensions
- Risk Aversion Turns EUR Bearish
- USD Moves Up Following Fresh Euro-Zone Worries
- JPY Moves Up on EUR Following Greek News
- EUR Tumbles on Fresh Greek Debt Concerns
- Le report des aides grecques fait trembler les marchés
- LEuro Reste Ferme Face Au Dollar Malgré LAnnonce DUn Report De LAide À La Grèce
- Les marchés résistent aux récentes dégradations des agences de notation
- Les tensions du Moyen Orient entraineront une augmentation du prix du pétrole
- La rencontre de l'Euro-Zone aura un impact assez lourd sur le marché