FXstreet.com (Córdoba) – The Pound finished the week with moderate gains against the Euro, the Dollar and the Yen.
GBP/USD rose slightly on a weekly basis. The pair moved all week inside a range with support at 1.5530/55 and resistance at 1.5760. Cable was able to gain strength only after falling on Monday to 1.5530, reaching a fresh 8-month low. On Friday managed to rise above 1.5640 but it was capped by 1.5685.
GBP/JPY finished a week in positive for the first time in the year. The pair found support at 138.60 and started to rise. The Pound needs to consolidate above a key resistance zone at 141.50 to gain strength.
Against the Euro, Cable jumped on Thursday and Friday, recovering previous losses. During Thursday’s European session EUR/GBP was being traded above 0.8830 at the highest level in almost a month; on Friday the pair bottomed at 0.8655, the lowest price in a week.
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