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15 Apr 2013
Forex: GBP/USD recovers the mark of 1.5335/37
FXstreet.com (Barcelona) - The GBP/USD has rallied off the 1.5300 level (1.5304 intraday minimum) Monday, recovering the mark of 1.5335/37 in recent moments. At the time of writing, the cross finds itself in negative territory still, trading at a slight off of -0.07% off its opening during the onset of US trading.
Mataf.net analysts points to short-term supports at 1.5300, onto 1.5250, and 1.5225. On the ascension, the GBP/USD is slated to face short-term resistance at 1.5385 ahead of 1.5415, and finally the 1.5440 handle.
According to the ICN.com Analyst Team, “The GBP/USD dropped and is trading now below Linear Regression Indicators which might extend the bearish correction as long as the pair holds below key resistance level of the ascending channel at 1.5440. Prolonged stability below 1.5415 further supports the bearish correction.
Mataf.net analysts points to short-term supports at 1.5300, onto 1.5250, and 1.5225. On the ascension, the GBP/USD is slated to face short-term resistance at 1.5385 ahead of 1.5415, and finally the 1.5440 handle.
According to the ICN.com Analyst Team, “The GBP/USD dropped and is trading now below Linear Regression Indicators which might extend the bearish correction as long as the pair holds below key resistance level of the ascending channel at 1.5440. Prolonged stability below 1.5415 further supports the bearish correction.