23 Jul 2013
GBP/USD losing some shine
FXstreet.com (London) - GBP/USD has been offered on the release of a weak set of BBA Mortgage Approvals.
GBP/USD shed 10 immediate pips to 1.5360/65 on the release with numbers for June Approvals coming in at just 37.3K vrs 38.5K expected although slightly better than a previous 36.1K.
GBP/USD remains in positive territory
GBP/USD has taken out resistances on the way to 1.5400 but has since been capped with strength momentum indicators signalling overbought territories that still indicated that this move is corrective only. One would assume that the pair will remain bid above 1.5232 support at the start of the uptrend. Below there opens up the downside once back to the 1.4854/32 support zone.
GBP/USD shed 10 immediate pips to 1.5360/65 on the release with numbers for June Approvals coming in at just 37.3K vrs 38.5K expected although slightly better than a previous 36.1K.
GBP/USD remains in positive territory
GBP/USD has taken out resistances on the way to 1.5400 but has since been capped with strength momentum indicators signalling overbought territories that still indicated that this move is corrective only. One would assume that the pair will remain bid above 1.5232 support at the start of the uptrend. Below there opens up the downside once back to the 1.4854/32 support zone.