The British Pound was Up against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6711, up 0.48% currently.

The pair was to be expected to find support at 1.6432, Tuesday’s low, and resistance at 1.6747, Thursday’s high.

In the interim, the British Pound was up higher against the Japanese Yen and the Euro, with EUR/GBP shedding 0.58% to hit 0.8860 and GBP/JPY increasing 0.03% to hit 135.66.

As well, the British Pound was Up against the U.S. Dollar on Friday.

GBP/USD was trading at 1.6712, up 0.48% currently.

The pair was to be expected to find support at 1.6432, Tuesday’s low, and resistance at 1.6747, Thursday’s high.

In the interim, the British Pound was higher next to the Euro and down next to the Japanese Yen, with EUR/GBP shedding 0.46% to hit 0.8871 and GBP/JPY falling 0.10% to hit 135.48.

This Forex trading news may help traders to understand the market situation when they trade forex.

The U.S. Dollar was Up against the Canadian Dollar on Friday.

USD/CAD was trading at 0.9518, up 0.11% presently.

The pair was to be expected to find support at 0.9466, Thursday’s low, and resistance at 0.9576, Wednesday’s high.

For now, the U.S. Dollar was lower against the British Pound and the Euro, with EUR/USD gaining 0.01% to hit 1.4825 and GBP/USD increasing 0.09% to hit 1.6647.

Also, the U.S. Dollar was Up against the Japanese Yen on Friday.

USD/JPY was trading at 81.56, up 0.04% presently.

The pair was likely to find support at 81.27, Tuesday’s low, and resistance at 82.78, Wednesday’s high.

For now, the U.S. Dollar was lower against the British Pound and the Euro, with EUR/USD gaining 0.03% hit 1.4827 and GBP/USD increasing 0.11% to hit 1.6649.

This Forex trading news may help traders to understand the market situation when they trade forex.

The euro surged to a fresh sixteen-month high next to the broadly weaker U.S. dollar on Thursday, after Federal Reserve Chairman Ben Bernanke indicated that the central bank would not be tightening economic policy for some time.

EUR/USD hit 1.4882 throughout late Asian trade, the pair’s highest since December 12, 2009; the pair consequently consolidated at 1.4839, gaining 0.35%.

The pair was to be expected to find support at 1.4631, Wednesday’s low and resistance at 1.5090, the high of December 4, 2009.

Throughout Wednesday’s press conference, Bernanke said that the labor market was improving, however it still was not in good shape and that the Fed will do what is essential to ensure low inflation.

The central bank, which left interest rates unchanged, said it “will complete” its USD600 billion bond-buying program by the end of June and hold short-term rates at a record low for an “extended period.” Bernanke said there was no timetable for tightening.

For now, the euro was lower next to the pound, with EUR/GBP shedding 0.21% to hit 0.8872.

Afterwards in the day, in the euro zone, Germany was to publish official data on employment change. As well Thursday, the U.S. was to publish advance data on 1st quarter gross domestic product, with the official data on initial jobless claims.

This Forex trading news may help traders to understand the market situation when they trade forex.