18 Jul 2013
GBP/USD breaks below 1.52 ahead of UK retail sales
FXstreet.com (Barcelona) - The GBP/USD foreign exchange rate is last quoted at fresh session lows 1.5178, falling on the back of broad USD strength in late Asia, ahead of key UK retail sales data at 08:30 GMT.
GBP/USD positive tone remains
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The hourly chart shows the positive tone remains intact, with price finding support in a bullish 20 SMA and momentum heading higher in positive territory, while the 4 hours chart is also indicating the possibility of further gains.”
GBP/USD key technical levels
Bednarik locates support levels at: 1.5190, 1.5155 and 1.5120, while resistance levels at: 1.5265, 1.5305 and 1.5340.
GBP/USD positive tone remains
According to Valeria Bednarik, Chief Analyst at Fxstreet.com, “The hourly chart shows the positive tone remains intact, with price finding support in a bullish 20 SMA and momentum heading higher in positive territory, while the 4 hours chart is also indicating the possibility of further gains.”
GBP/USD key technical levels
Bednarik locates support levels at: 1.5190, 1.5155 and 1.5120, while resistance levels at: 1.5265, 1.5305 and 1.5340.