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UK pound appreciated further against the Japanese yen and the US dollar on Tuesday morning in New York trades.

The pound advanced to a 6-day high of 129.66 against the yen around 10:30 am ET, exactly at the point of a 20-day simple moving average. The pound-yen pair is presently worth 129.52 with 130.60 seen as the next likely resistance level, ie, the 50-day SMA.

The country we are to take in consideration today is a landlocked Serbia located at the crossroads of Central- and Southeastern Europe. Covering the southern lowlands of the Carpathian basin and central part of the Balkans, Serbia borders Hungary to the north, Romania, Bulgaria to the east, Republic of Macedonia to the south, and Croatia, Bosnia and Herzegovina, Montenegro to the west. Country’s border with Albania is disputed. Serbia is a member of the United Nations, Council of Europe, BSEC and is to preside over the CEFTA in 2010. The country is also an EU membership applicant.

Estonia is one of the Northern Eastland countries that have recently become an EU member. The country, populated by only slightly over 1.3 people, represents one of the least-populous members of the European Union. The country is bordered by the Gulf of Finland to the north, by Latvia to the south, by the Baltic Sea to the west and by the Russian Federation to the east. By today, Estonia has gained recognition for its economic freedom that along with its adaptation of new technologies made the country to become one of the world's fastest growing economies for several years.

Today we are to talk about Bermuda, British overseas territory in the North Atlantic Ocean, located off the east coast of the United States, with the capital city Hamilton. Bermuda is the oldest and most populous remaining British overseas territory, settled by England a century before the Acts of Union created the United Kingdom of Great Britain. Bermuda's first capital, St George's, was settled in 1612 and is the oldest continuously inhabited English town in the Americas.

The Philippines – is one of the most amazing archipelago countries, comprising 7,107 islands and having the 5th longest coastline in the world populated by almost 98mn of people. The country, divided into three main geographical divisions: Luzon, Visayas, and Mindanao, is located western Pacific Ocean of South East Asia. Multiplicity of islands led to appearing and developing variety of ethnicities and cultures, as well as one of the most diverse tropical climates in the world.

 The United Arab Emirates is considered to be one of the richest countries throughout the world being one of the largest oil exporters that has the world's sixth largest oil reserves. This Muslim country has one of the most developed economies in the Middle East, ranking the thirty-sixth largest by nominal GDP. The UAE consists of seven states, termed emirates, which are Abu Dhabi, Dubai, Sharjah, Ajman, Umm al-Quwain, Ras al-Khaimah and Fujairah.

GBP/ USD rally was unable to support Asian gains as, rising from early Tokyo levels of 1.3790 to highs of 1.3851, it was upheld by the short-squeeze in the EUR this session. Some attempts to break above 1.3850 failed and GBP/ USD dropped back to 1.3812. Stops are expected on a break under 1.3800 with support at 1.3760 but a move lower to 1.3500 is anticipated in the following sessions.