11 Jul 2013
GBP/USD keeps the range around 1.5130
Fxstreet.com (Edinburgh) -The pound is consolidating its recent upside back above 1.5100 the figure on Thursday, pushing the GBP/USD towards 1.5150.
GBP/USD looking to break above 1.5130
The pair is once again attempting to follow through 1.5130 after being rejected many times during the European morning. In the opinion of analysts at RBS, “this 1.4750/1.4835 area has to be the next main support level to watch – below there on a weekly close and not much until 1.4275”.
GBP/USD key levels
At the moment the pair is advancing 0.72% at 1.5124 with the next resistance at 1.5193 (high Jul.11) followed by 1.5284 (50% of 1.4832-1.5753) and finally 1.5305 (high Jul.3). On the flip side, a breakdown of 1.5035 (low Jul.11) would open the door to 1.5000 (Psychological level) and then 1.4868 (low Jul.9).
GBP/USD looking to break above 1.5130
The pair is once again attempting to follow through 1.5130 after being rejected many times during the European morning. In the opinion of analysts at RBS, “this 1.4750/1.4835 area has to be the next main support level to watch – below there on a weekly close and not much until 1.4275”.
GBP/USD key levels
At the moment the pair is advancing 0.72% at 1.5124 with the next resistance at 1.5193 (high Jul.11) followed by 1.5284 (50% of 1.4832-1.5753) and finally 1.5305 (high Jul.3). On the flip side, a breakdown of 1.5035 (low Jul.11) would open the door to 1.5000 (Psychological level) and then 1.4868 (low Jul.9).