Pound Advances Against Majors
May 14 2017 - 10:08PM
RTTF2
Reversing direction, the pound rose against its major rivals in
late Asian deals on Monday.
The pound edged up to a 4-day high of 1.2912 against the dollar,
from a low of 1.2880 hit at 5:00 pm ET.
The pound rose to 0.8465 against the euro, 1.2926 against the
franc and 146.39 against the yen, off its previous lows of 0.8484
and 1.2878, and a weekly low of 145.68, respectively.
The pound is likely to target resistance around 1.32 against the
dollar, 148.5 against the yen, 1.31 against the franc and 0.82
against the euro.
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