GBP/USD Pair

– The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2666, down 0.25% at time of writing. The pair was likely to find support at 1.2655, today’s low, and resistance at 1.2905, Monday’s high. Meanwhile, the Euro was up against the British Pound and down against the Japanese Yen, with EUR/GBP gaining 0.07% to hit 0.8044 and EUR/JPY falling 0.29% to hit 100.38.

– The British Pound was lower against the U.S. Dollar on Friday. GBP/USD was trading at 1.5740, down 0.36% at time of writing. The pair was likely to find support at 1.5737, today’s low, and resistance at 1.6123, Monday’s high. Meanwhile, the British Pound was down against the Euro and the Japanese Yen, with EUR/GBP gaining 0.04% to hit 0.8042 and GBP/JPY falling 0.41% to hit 124.72.

– The U.S. Dollar was higher against the Swiss Franc on Friday. USD/CHF was trading at 0.9476, up 0.20% at time of writing. The pair was likely to find support at 0.9309, Monday’s low, and resistance at 0.9482, Thursday’s high. Meanwhile, the U.S. Dollar was up against the Euro and the Japanese Yen, with EUR/USD shedding 0.19% to hit 1.2674 and USD/JPY rising 0.23% to hit 79.46.

– The U.S. Dollar was higher against the Japanese Yen on Friday. USD/JPY was trading at 79.43, up 0.20% at time of writing. The pair was likely to find support at 79.14, Thursday’s low, and resistance at 80.55, Wednesday’s high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.12% to hit 1.2683 and GBP/USD falling 0.20% to hit 1.5766.

– Crude oil futures were higher in Asian trading hours on Friday.On the New York Mercantile Exchange, Crude oil futures for June delivery traded at USD92.63 a barrel at time of writing rising 0.08%.It earlier traded at a session high USD92.94 a barrel. Crude oil was likely to find support at USD91.81 and resistance at USD95.79.US Dollar Index, which tracks the performance of the greenback versus a basket of six other major currencies, rose 0.06% to trade at USD81.74.Elsewhere on the ICE, Brent oil for July delivery rose 0.27% to trade at USD107.34 a barrel, with the spread between the Brent oil and Crude oil contracts standing at USD14.71 a barrel.

– The Euro was lower against the U.S. Dollar on Friday. EUR/USD was trading at 1.2689, down 0.07% at time of writing. The pair was likely to find support at 1.2668, Thursday’s low, and resistance at 1.2905, Monday’s high. Meanwhile, the Euro was up against the British Pound and the Japanese Yen, with EUR/GBP gaining 0.14% to hit 0.8049 and EUR/JPY rising 0.10% to hit 100.78.

– The British Pound was higher against the Japanese Yen on Friday. GBP/JPY was trading at 125.26, up 0.02% at time of writing. The pair was likely to find support at 125.15, Thursday’s low, and resistance at 128.88, Monday’s high. Meanwhile, the British Pound was down against the U.S. Dollar and the Euro, with GBP/USD shedding 0.12% to hit 1.5778 and EUR/GBP rising 0.07% to hit 0.8044.

– The U.S. Dollar was higher against the Japanese Yen on Thursday. USD/JPY was trading at 79.40, up 0.16% at time of writing. The pair was likely to find support at 79.14, today’s low, and resistance at 80.55, Wednesday’s high. Meanwhile, the U.S. Dollar was up against the Euro and the British Pound, with EUR/USD shedding 0.04% to hit 1.2692 and GBP/USD falling 0.09% to hit 1.5783.

– The New Zealand Dollar was lower against the U.S. Dollar on Thursday. NZD/USD was trading at 0.7630, down 0.05% at time of writing. The pair was likely to find support at 0.7622, today’s low, and resistance at 0.7829, Monday’s high. Meanwhile, the New Zealand Dollar was down against the Australian Dollar and up against the Euro, with AUD/NZD gaining 0.001% to hit 1.2956 and EUR/NZD falling 0.07% to hit 1.6626.

The Trend Trader for ForexFor Trading On Friday, May 18, 2012 THE BIG SIX Close %Change 3x1 7x5 MinorTrend MajorTrend Trend Reading AUDUSD - Aust Dollar / US Dollar 0.9888 − 0.25 0.9928 1.0085 Bearish EURUSD - Euro / US Dollar 1.2697 − 0.15 1.2732 1.2962 Bearish GBPUSD - British Pound / US Dollar 1.5797 − 0.71 1.5934 1.6108 Bearish USDCAD - US Dollar / Canadian Dollar 1.0192 + 0.71 1.0103 0.9994 Bullish USDCHF - US Dollar / Swiss Franc 0.9457 + 0.14 0.9433 0.9265 Bullish USDJPY - US Dollar / Japanese Yen 79.280 − 1.29 80.013 79.807 Bearish ALL OTHERS AUDCAD - Aust Dollar / Canadian Dollar 1.0077 + 0.46 1.0031 1.0059 Bullish AUDCHF - Aust Dollar / Swiss Franc 0.9351 − 0.06 0.9363 0.9341 Neutral AUDJPY - Aust Dollar / Japanese Yen 78.391 − 1.54 79.450 80.492 Bearish AUDNZD - Aust Dollar / New Zealand $ 1.2947 − 0.09 1.2928 1.2809 Bullish CADCHF - Canadian Dollar / Swiss Franc 0.9274 − 0.56 0.9332 0.9275 Bearish CADJPY - Canadian Dollar / Japanese Yen 77.756 − 2.00 79.201 79.839 Bearish CHFJPY - Swiss Franc / Japanese Yen 83.817 − 1.44 84.856 86.145 Bearish EURAUD - Euro / Australian Dollar 1.2839 + 0.11 1.2822 1.2855 Neutral EURCAD - Euro / Canadian Dollar 1.2943 + 0.59 1.2864 1.2945 Neutral EURCHF - Euro / Swiss Franc 1.2009 0.00 1.2010 1.2010 Bearish EURDKK - Euro / Danish Krone 7.4324 0.00 7.4325 7.4336 Bearish EURGBP...