27 Jun 2013
GBP/USD recovery attempt stonewalled
FXstreet.com (New York) - The GBP/USD foreign exchange rate found its most recent recovery attempt stymied at 1.5257, thereby turning the pair lower in recent minutes.
Following the weakening and subsequent consequent weakness, the GBP/USD technical pair is now incurring a sizable loss of -0.45% Thursday, settling at 1.5250. “There is a strong support for the GBP/USD at 1.5292; a closing break below this would prolong the correction to 1.5183 – resistance is at 1.5477, suggesting a neutral intraday outlook.” notes Gareth Berry, a Research Analyst at UBS.
GBP/USD expectations negative intraday
According to the Technical Analyst Team at ICN.com, “The GBP/USD dropped in an attempt to stabilize below 1.5290 levels then moved back slightly to the upside. Trading below 1.5380 will force us to hold on to our negative intraday expectations today.”
Following the weakening and subsequent consequent weakness, the GBP/USD technical pair is now incurring a sizable loss of -0.45% Thursday, settling at 1.5250. “There is a strong support for the GBP/USD at 1.5292; a closing break below this would prolong the correction to 1.5183 – resistance is at 1.5477, suggesting a neutral intraday outlook.” notes Gareth Berry, a Research Analyst at UBS.
GBP/USD expectations negative intraday
According to the Technical Analyst Team at ICN.com, “The GBP/USD dropped in an attempt to stabilize below 1.5290 levels then moved back slightly to the upside. Trading below 1.5380 will force us to hold on to our negative intraday expectations today.”