Friday, May 1, 2009

GBP/USD: Pound, above 1.4900


FXstreet.com (Barcelona) – The Pound has posted a 150 pip rally so far to reach an intra-day high at 1.4917, approaching yesterday’s high at 1.4950.In case of further climbing above 1.4950, the Pound would get on the track towards 1.5065 (Apr 16 high), above there, 1.5080. On the downside, support levels might lie at 1.4855/70 and below there 1.4820 and 1.4765.GBP/JPY has appreciated from levels around 14600 ahead of European session opening to levels right at 148.00 at the time of writing. Next resistance levels stand at 148.15 and 148.80. On the downside support levels might lie at 147.00 and 144.70.

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