Friday, March 11, 2011

Forex – GBP/USD Up In Asian Trade

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

GBP/USD was trading at 1.6060, up 0.001% at time of writing.

The pair was likely to find support at 1.6040, Thursday’s low, and resistance at 1.6341, Monday’s high.

Meanwhile, the British Pound was down against the Euro and up against the Japanese Yen, with EUR/GBP gaining 0.19% to hit 0.8607 and GBP/JPY rising 0.06% to hit 133.34.

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