Forex: GBP/USD: Pound in range between 1.6605 and 1.6675

20 November 2009 @ 02:48 am EDT

FXstreet.com (Barcelona) - Pound's decline from 1.6875 high at the beginning of the week found support on Thursday at 1.6605 intra-week low, and the pair has remained moving from 1.6605/15 to 1.6675 during Friday's Asian session.

Initial resistance levels lie at 1.6675 session high, and above here, 1.6715/25 area and 1.6750. On the downside, support levels lie at 1.6605/00 (Nov 19 low) and below here, 1.6570 (13 Nov low) and 1.6515 (12 Nov low).

GBP/JPY dropped on Thursday from 149.70 to 147.35 low and its recovery attempt have been capped at 148.40, sending the pair down to session low at 147.55. Resistance levels are 148.40 and 149.00/15. Support levels are 147.35 and 147.00.

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