11 Jul 2013
GBP/USD rally capped at 1.5200 barrier
FXstreet.com (New York) - The GBP/USD technical pair finally capped its rally at the 1.5200 barrier Thursday, after staunch pressure against the USD drove up the exchange rate in recent moments.
At the time of writing, the GBP/USD has eased off its highs 1.5196) towards 1.5155 in these moments, still up +0.95% Thursday. Earlier dovish comments out of Fed Chairman Ben Bernanke instigated the jump, which has sent the USD plummeting across the board.
GBP/USD technical bias
Despite the recent easing, the GBP/USD has been seemingly streaming upwards at a breakneck speed during Asian trading and any further advance will look to test resistance at 1.5164 (June 28 low), then the critical barrier at 1.5200 (July 1 low/daily high), and finally 1.5230 (July 2 high).
At the time of writing, the GBP/USD has eased off its highs 1.5196) towards 1.5155 in these moments, still up +0.95% Thursday. Earlier dovish comments out of Fed Chairman Ben Bernanke instigated the jump, which has sent the USD plummeting across the board.
GBP/USD technical bias
Despite the recent easing, the GBP/USD has been seemingly streaming upwards at a breakneck speed during Asian trading and any further advance will look to test resistance at 1.5164 (June 28 low), then the critical barrier at 1.5200 (July 1 low/daily high), and finally 1.5230 (July 2 high).