2 Jul 2013
GBP/USD tumbles to support
FXstreet.com (New York) - The GBP/USD foreign exchange rate has reversed course Tuesday, plunging lower during US trading after an earlier recovery attempt failed.
GBP/USD trading at support
In recent minutes, the GBP/USD has been plummeting lower towards the depths of 1.5148, presently -0.47% off its opening. Following an earlier drop below support at 1.5182, the Mataf.net analyst team has calculated the next supports at 1.5150, ahead of 1.5116.
GBP/USD bearish wave triggered
According to the Technical Analyst Team at ICN.com, “The GBP/USD touched around support level 1.5165 which is an intraday interval for the rest of the day. Stabilizing above the referred to level will support our positive outlook, but breaking it might fail our intraday expectations and trigger a bearish wave reaching levels 1.5090.”
GBP/USD trading at support
In recent minutes, the GBP/USD has been plummeting lower towards the depths of 1.5148, presently -0.47% off its opening. Following an earlier drop below support at 1.5182, the Mataf.net analyst team has calculated the next supports at 1.5150, ahead of 1.5116.
GBP/USD bearish wave triggered
According to the Technical Analyst Team at ICN.com, “The GBP/USD touched around support level 1.5165 which is an intraday interval for the rest of the day. Stabilizing above the referred to level will support our positive outlook, but breaking it might fail our intraday expectations and trigger a bearish wave reaching levels 1.5090.”