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10 Sep 2013
GBP/USD resumes the advance
FXstreet.com (Córdoba) - The GBP/USD picked up fresh momentum following a positive opening in Wall Street and climbed back above the 1.5700 mark toward fresh daily highs.
GBP/USD contained by 1.5685
Having bounced once again from the 1.5685 zone, GBP/USD stretched to a fresh daily peak of 1.5725 but stalled just ahead of yesterday’s 3-month high of 1.5732. At time of writing, the Cable is trading around 1.5720, recording a 0.2% gain on the day.
GBP/USD: key resistance at 1.5750
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com, notes that GBP/USD holds a slight positive tone. “The pair needs now to accelerate beyond 1.5750 June high, to confirm a midterm upward continuation”.
Bednarik locates immediate resistance levels at 1.5750, 1.5790 and 1.5830, while she sees supports at 1.5670, 1.5620 and 1.5580.
GBP/USD contained by 1.5685
Having bounced once again from the 1.5685 zone, GBP/USD stretched to a fresh daily peak of 1.5725 but stalled just ahead of yesterday’s 3-month high of 1.5732. At time of writing, the Cable is trading around 1.5720, recording a 0.2% gain on the day.
GBP/USD: key resistance at 1.5750
From a technical perspective, Valeria Bednarik, chief analyst at FXstreet.com, notes that GBP/USD holds a slight positive tone. “The pair needs now to accelerate beyond 1.5750 June high, to confirm a midterm upward continuation”.
Bednarik locates immediate resistance levels at 1.5750, 1.5790 and 1.5830, while she sees supports at 1.5670, 1.5620 and 1.5580.