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10 Apr 2013
Forex: GBP/USD consolidates above 1.5300
FXstreet.com (Barcelona) - The sterling is navigating the area above the key level at 1.5300 on Wednesday, while attempts of correction higher have been capped around 1.5340 so far.
Empty docket in the UK today would leave the pound to gyrate around the risk trends and to follow its European counterpart.
As of writing, the pair is up 0.04% at 1.5328 with the next resistance at 1.5352 (high Apr.8) followed by 1.5364 (high Apr.5) and then 1.5426 (38.2% of Jan-Mar fall).
On the flip side, a breakdown of 1.5251 (low Apr.9) would expose 1.5239 (low Apr.8) and finally 1.5208 (MA10d).
Empty docket in the UK today would leave the pound to gyrate around the risk trends and to follow its European counterpart.
As of writing, the pair is up 0.04% at 1.5328 with the next resistance at 1.5352 (high Apr.8) followed by 1.5364 (high Apr.5) and then 1.5426 (38.2% of Jan-Mar fall).
On the flip side, a breakdown of 1.5251 (low Apr.9) would expose 1.5239 (low Apr.8) and finally 1.5208 (MA10d).