FXstreet.com (Barcelona) - The Pound is testing intra-day highs, rebound from 1.4515 low yesterday extends above 1.4720 , and the Pound continues up reaching levels around 1.4770, with 1.4775 Apr 24 high at hand.
The Pound approaches levels at 1.4810, which according to Carol Harmer, technical analyst at Charmer Charts, considers a key level for bulls: However sellers will quickly succumb to buying pressure if the market makes a break above 1.4834. Buyers will triumphantly lead this higher through to 1.4950 where profit taking will occur.
Next resistance level comes at the mentioned 1.4775 Apr 24 high, and once above there, the Pound could find resistance at 1.4810 (20 Apr/ last week high) and 1.4910. On the downside, support levels stand at 1.4600 and below there, 1,4515 (Apr 27 and 28 low).
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