24 Jul 2013
GBP/USD recovers the 1.5300 barrier
FXstreet.com (New York) - The GBP/USD foreign exchange rate has rebounded off session lows at 1.5289, which promptly resulted in a regaining of the 1.5300 level during US trading.
In these moments, the GBP/USD is still unable to shake its negatively, relegated to losses of -0.34%, despite regaining the 1.5314 level. Technically speaking, the GBP/USD remains well fortified by short-term supports at 1.5298, ahead of 1.5269, notes the Mataf.net Analyst Team.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “Touching around 61.8% correction sent the GBP/USD to the downside once again. However, we hold on to our positive expectations as long as the pair stabilizes above 1.5280, but to push the pair into a clearer bullish wave, stability above 1.5390 represented in 61.8% Fibonacci is required.”
In these moments, the GBP/USD is still unable to shake its negatively, relegated to losses of -0.34%, despite regaining the 1.5314 level. Technically speaking, the GBP/USD remains well fortified by short-term supports at 1.5298, ahead of 1.5269, notes the Mataf.net Analyst Team.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “Touching around 61.8% correction sent the GBP/USD to the downside once again. However, we hold on to our positive expectations as long as the pair stabilizes above 1.5280, but to push the pair into a clearer bullish wave, stability above 1.5390 represented in 61.8% Fibonacci is required.”