Sterling pushes higher;GBP/USD above 1.4475

By IBTimes Staff Reporter | April 01 2009 4:39 PM

FXstreet.com (Barcelona) - GBP/USD Current price: 1.4475. The pair continues pushing higher, clearly bullish in the hourly chart after breaking above the 1.4440 congestion zone.

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Valeria Bednarik, collaborator at FXstreet.com said: The pair is close to a minor resistance around 1.4486, but indicators, including 20 SMA suggest further upside bias in the pair.

200 EMA is well under actual price, and slowly turning up. Mayor resistance zone around 1.4550 should contain further upside in the Asian session.

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