11 Jul 2013
GBP/USD moves above 1.5150 again
FXstreet.com (Barcelona) - The GBP/USD foreign exchange rate is last trading at 1.5156, off earlier in the session highs at 1.5195, printed on the back of massive USD weakness following FED Bernanke's words.
GBP/USD likely to test 1.53 on more USD longs liquidation
According to IFR Markets analysts Cable is seen likely to test the 50 DMA above 1.53 in “coming days,” they said, “as long dollars continue to be liquidated.” They will be looking “to buy another dip to the 1.50 round number,” the analysts added. The pair is up +1.73% for the week so far.
GBP/USD key technical levels
Immediate resistance to the upside for GBP/USD shows at current levels as June 28 lows 1.5165, followed by mentioned session highs/June 27 lows at 1.52, and July 01 highs at 1.5248. To the downside, closest support lies at July 03 lows 1.5130, followed by July 05 highs at 1.5083, and Tuesday's highs at 1.4989.
GBP/USD likely to test 1.53 on more USD longs liquidation
According to IFR Markets analysts Cable is seen likely to test the 50 DMA above 1.53 in “coming days,” they said, “as long dollars continue to be liquidated.” They will be looking “to buy another dip to the 1.50 round number,” the analysts added. The pair is up +1.73% for the week so far.
GBP/USD key technical levels
Immediate resistance to the upside for GBP/USD shows at current levels as June 28 lows 1.5165, followed by mentioned session highs/June 27 lows at 1.52, and July 01 highs at 1.5248. To the downside, closest support lies at July 03 lows 1.5130, followed by July 05 highs at 1.5083, and Tuesday's highs at 1.4989.