Friday, February 18, 2011

Forex – GBP/USD Up During The U.S. Session

Forex Pros – The British Pound was higher against the U.S. Dollar on Thursday.

GBP/USD was trading at 1.6171, up 0.47% at time of writing.

The pair was likely to find support at 1.5981, Monday’s low, and resistance at 1.6186, today’s high.

Meanwhile, the British Pound was up against the Euro and the Japanese Yen, with EUR/GBP shedding 0.19% to hit 0.8414 and GBP/JPY rising 0.04% to hit 134.74.

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