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14 Mar 2013
Forex: GBP/USD rises to fresh daily highs
The pound jumped toward marginal new highs against the dollar as better-than-expected US jobless claims and trade balance figures boosted risk appetite at the beginning of the New York session.
GBP/USD bounced from the 1.4920 area to a high of 1.4969 in recent dealings, and it was last up 0.3% on the day around 1.4960. Nevertheless, the cable continues to trade well within its weekly range.
In terms of technical levels, above 1.4965, next resistances are seen at 1.4980 (Mar 13 high) and 1.5000 (psychological level). On the other hand, supports are seen at 1.4910 (intraday low), 1.4865 (Mar 11 low) and 1.4830 (Mar 12 low).
GBP/USD bounced from the 1.4920 area to a high of 1.4969 in recent dealings, and it was last up 0.3% on the day around 1.4960. Nevertheless, the cable continues to trade well within its weekly range.
In terms of technical levels, above 1.4965, next resistances are seen at 1.4980 (Mar 13 high) and 1.5000 (psychological level). On the other hand, supports are seen at 1.4910 (intraday low), 1.4865 (Mar 11 low) and 1.4830 (Mar 12 low).