25 Jul 2013
GBP/USD touches 1.5400
FXstreet.com (New York) - The GBP/USD foreign exchange rate has sailed higher during US trading on Fed rumors of maintaining the bond-buying status quo, catapulting the pair to the 1.5400 level Thursday (session high).
At the time of writing, the GBP/USD is testing the aforementioned region, operating at 1.5398, up a steadfast +0.51% above its opening Thursday. In terms of the technical levels, the pair already ruptured resistance at 1.5367, and is now testing its next measure at 1.5397 – beyond this the pair will face additional means at 1.5436, notes the Danske Research Team.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/USD broke through the 1.5280 levels which is an intraday interval. Originally a predicated drop below this region with four-hour closing would fail the positive expectations, though in light of recent strength, the pair now looks to enter a neutral phase, as the downside threat is now cancelled in the immediate-term.”
At the time of writing, the GBP/USD is testing the aforementioned region, operating at 1.5398, up a steadfast +0.51% above its opening Thursday. In terms of the technical levels, the pair already ruptured resistance at 1.5367, and is now testing its next measure at 1.5397 – beyond this the pair will face additional means at 1.5436, notes the Danske Research Team.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/USD broke through the 1.5280 levels which is an intraday interval. Originally a predicated drop below this region with four-hour closing would fail the positive expectations, though in light of recent strength, the pair now looks to enter a neutral phase, as the downside threat is now cancelled in the immediate-term.”