The Pound is back to its previous range, testing the 1.4650 support. It jumped to 1.4740 after Geithner affirmed he's willing to consider the Chinese plan to a global reserve currency.
Below 1.4650, next support level could be 1.4595 (Mar 19 and 20 high), and below here, intra-day low at 1.4540. On the upside, bouncing up at 1.4650, next resistance level could be 1.4720, and above there, 1.4775 (Mar 24 high).
Wednesday, March 25, 2009
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