The Pound gained slightly versus the Dollar as no major news was released and Friday's NFP data and Europe's contagion fears continued. Overall, GBP/USD traded with a low of 1.4388 and a high of 1.4563. GBP/USD fell back downwards after reaching the first Fibonacci retracement of 38.2% of the downtrend which started in April. The major trend is bearish. Today, Nationwide Consumer Confidence is expected stronger with 78 versus 74 prior.

GBP/USD - Last: 1.4480

Resistance

1.4560

1.4610

Support

1.4450

1.4390

1.4350

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