Monday, August 2, 2010

Live Currency Market Update

GBPUSD has pushed more than 60 pips higher in European session, extending its rally from Friday's low at 1.5550, to levels past 1.5750, to reach a fresh 5-month high at 1.5785, with Feb 17 high, at 1.5815, on sight.

EURUSD remained trading in range between 1.3050 and 1.3095 on Asian and European sessions. The pair remains trapped between 1.3095 resistance and support at 1.3020.

USDJPY after setting a bottom at 85.95, 8-month low hit on Friday, shows recovery attempts on European session, extending to levels right at 86.80 resistance area at the moment of writing.

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