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29 Mar 2013
Forex: GBP/USD stumbles to 1.5184/86
FXstreet.com (Barcelona) - The GBP/USD has broken lower off the 1.5200 mark Friday, having fallen several pips to trade at 1.5184/86 in these moments. While trading negatively during American trading, the cross is now incurring a loss of -0.02%, having unsuccessfully summited the 1.5200 barrier.
Mataf.net analysts point to supports at 1.5143, ahead of 1.5073, and finally 1.5035. Conversely, a movement higher and a paring of losses will result in the GBP/USD testing calculated resistance at 1.5251, onto of 1.5289, and 1.5359.
According to the ICN.com Technical Analyst Team, “The GBP/USD moved to the upside but remained limited below 1.5190, as its linear regression indicators are still negative. Therefore, negativity might extend during the rest of today’s session, but the pair has to break 1.5100 levels in order to extend the downside move.”
Mataf.net analysts point to supports at 1.5143, ahead of 1.5073, and finally 1.5035. Conversely, a movement higher and a paring of losses will result in the GBP/USD testing calculated resistance at 1.5251, onto of 1.5289, and 1.5359.
According to the ICN.com Technical Analyst Team, “The GBP/USD moved to the upside but remained limited below 1.5190, as its linear regression indicators are still negative. Therefore, negativity might extend during the rest of today’s session, but the pair has to break 1.5100 levels in order to extend the downside move.”