26 Jul 2013
GBP/USD pares all loses post-UK GDP dump
FXstreet.com (Barcelona) - The GBP/USD foreign exchange rate is last quoted at 1.5392, off recent session highs at 1.5406, little changed since the NY close, around previous weekly highs since Monday, same level where the pair was yesterday when UK GDP came out.
GBP/USD buyers ready to take over 1.54
As Valeria Bednarik points out, Chief Analyst at Fxstreet.com, “buyers seem ready to take over the 1.54 figure. The hourly chart shows indicators in positive territory, still not reflecting the latest movement, although a candle close around this level should signal a strong upward momentum in the pair. In the 4 hours chart price came back from its 200 EMA around 1.5255 which stands as key midterm support.”
GBP/USD key technical levels
Bednarik sees support levels at: 1.5370, 1.5330 and 1.5290, while resistance levels at: 1.5410, 1.5445 and 1.5480.
GBP/USD buyers ready to take over 1.54
As Valeria Bednarik points out, Chief Analyst at Fxstreet.com, “buyers seem ready to take over the 1.54 figure. The hourly chart shows indicators in positive territory, still not reflecting the latest movement, although a candle close around this level should signal a strong upward momentum in the pair. In the 4 hours chart price came back from its 200 EMA around 1.5255 which stands as key midterm support.”
GBP/USD key technical levels
Bednarik sees support levels at: 1.5370, 1.5330 and 1.5290, while resistance levels at: 1.5410, 1.5445 and 1.5480.