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Forex: GBP/USD closes above the 1.5100 mark

FXstreet.com (San Francisco) - After retracing highs from 1.5175 to 1.5075, the Pound has recovery some ground against the Dollar with the pair closing the week above the 1.5100 frontier. The pair has finished the week at 1.5120 and has lost 0.45% on the week.

With 0.25% gains on the day, the pair remains inside a slightly bearish trend according to the FXstreet.com Forex Studies. CCI and Momentum indicators points bearish sentiment in the 1-day chart.

Next supports come at 1.5070, 1.5040 and 1.5000. Resistances are at 1.5140 and 1.5175 and 1.5200.

Session Recap: The USD retraces and the Euro advances against major competitors

The Greenback traded under pressure on Friday, ceding ground against its majors competitors except the Pound. The EUR/USD advanced to test the 1.3100 resistance with a weekly close around 1.3070. The GBP/USD extended Thursday gains and has closed the week above the 1.5100 level on Friday.
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Forex: EUR/USD closes week with gains & turned positive on monthly chart; Are buyers waking up?

Not so fast! After falling to 2013 lows at 1.2910 on Thursday, the EUR/USD has been trading on recovery mode to reconquer the 1.3000 position and advanced to test the 1.3100. Finally, the EUR/USD closed the week at 1.3070, around 70 pips or 0.75% above the Monday opening price.
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