30 Jul 2013
GBP/USD finds support around 1.5240
FXstreet.com (Edinburgh) -The sterling is losing more than one big-figure since today’s peaks beyond 1.5350, with the GBP/USD posting 2-week lows in the vicinity of 1.5240.
GBP/USD capped by 1.5400
The recent upside in the pound faltered in the boundaries of 1.5400 the figure, unable to close above the mark on a daily basis so far, and opening the door for a leg lower ahead of the BoE gathering due on Thursday. In the opinion of Stoyan Mihaylov at DeltaStock.com, “The slide from 1.5432 is still corrective in nature and while 1.5261 crucial low is intact, the outlook here will remain positive, for a rise towards 1.5530. The intraday bias however is negative, with a key resistance at 1.5365”.
GBP/USD critical levels
At the moment the pair is down 0.56% at 1.5253 with the next support at 1.5242 (MA30d) followed by 1.5199 (low Jul.19). On the flip side, a break above 1.5353 (high Jul.30) would expose 1.5416 (high Jul.26) and then 1.5435 (high Jul.25).
GBP/USD capped by 1.5400
The recent upside in the pound faltered in the boundaries of 1.5400 the figure, unable to close above the mark on a daily basis so far, and opening the door for a leg lower ahead of the BoE gathering due on Thursday. In the opinion of Stoyan Mihaylov at DeltaStock.com, “The slide from 1.5432 is still corrective in nature and while 1.5261 crucial low is intact, the outlook here will remain positive, for a rise towards 1.5530. The intraday bias however is negative, with a key resistance at 1.5365”.
GBP/USD critical levels
At the moment the pair is down 0.56% at 1.5253 with the next support at 1.5242 (MA30d) followed by 1.5199 (low Jul.19). On the flip side, a break above 1.5353 (high Jul.30) would expose 1.5416 (high Jul.26) and then 1.5435 (high Jul.25).