Forex | Forex | Forex: GBP/USD in ranges between 1.6390 and 1.6405 (04/09/2009 20:27:00)

Forex: GBP/USD in ranges between 1.6390 and 1.6405

FXstreet.com (Córdoba) – Cable has been steady in the last hours against the Dollar. An upside rally after the opening bell at Wall Street took GBP/USD to 1.6405 posting an intra-day high. The pair then moved inside a range with support at 1.6390 and resistance at 1.6405. The pair is rising on Friday for the third consecutive day and managed to erase previous losses.

Cable is also rising against the Euro. EUR/GBP fell to from 0.8750 to 0.8700. The pair has been moving with a downtrend in the last days after posting a 7-week high last week at 0.8835.



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