30 Jul 2013
GBP/USD recovery stalls at 1.5250 region
FXstreet.com (New York) - The GBP/USD technical pair has been bogged down by negativity Tuesday throughout the majority of the day, which sought the stymie a recent recovery movement that promptly stalled at 1.5250.
At the time of writing, the GBP/USD is now operating at 1.5242, now incurring a sizable decline of -0.62% off its opening. Technically speaking, following a decline below support at 1.5266, the Mataf.net analyst team cites the next measure of correction at 1.5222.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/USD moved to the upside touching above 1.3275 levels supporting positivity. The upside move might extend if the pair didn’t stabilize again below 1.3275. Stochastic is showing a positive crossover and RSI rebounded to the upside from levels close to line 50 supporting our expectations.”
At the time of writing, the GBP/USD is now operating at 1.5242, now incurring a sizable decline of -0.62% off its opening. Technically speaking, following a decline below support at 1.5266, the Mataf.net analyst team cites the next measure of correction at 1.5222.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/USD moved to the upside touching above 1.3275 levels supporting positivity. The upside move might extend if the pair didn’t stabilize again below 1.3275. Stochastic is showing a positive crossover and RSI rebounded to the upside from levels close to line 50 supporting our expectations.”