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17 Jun 2013
GBP/USD stable above 1.5700 level
FXstreet.com (New York) - The GBP/USD foreign exchange rate fell off the 1.5725 handle during European trading Monday, edging lower into negative territory.
At the time of writing, the GBP/USD has now eliminated its gains to operate at -0.10% off its opening at 1.573/17. In light of the recent pullback, the Mataf.net analysts point to the next level of supportive correction for the GBP/USD at 1.5640, then 1.5571, and finally 1.5525. On the ascension, resistive structures will trigger at 1.5755, onto 1.5801 and finally 1.5870.
GBP/USD 200-day MA signaling a trend?
“The GBP/USD still probed the 200-day MA at 1.5698 and as such we note the 13 count on the daily and the TD perfected set up suspecting that we are now trading towards the end of the corrective move higher.” warns Karen Jones, an analyst at Commerzbank.
GBP/USD sails higher, upside eyed above 1.5605 level
According to the Technical Analyst Team at ICN.com, “The GBP/USD pair managed to maintain trading above the 1.5605 level – stabilizing above this level is positive and can push the pair towards 1.5975 levels during this week. 1.5770 is considered an intraday resistance that should be breached to give the pair more bullish momentum and cancel any negativity of momentum indicators.”
At the time of writing, the GBP/USD has now eliminated its gains to operate at -0.10% off its opening at 1.573/17. In light of the recent pullback, the Mataf.net analysts point to the next level of supportive correction for the GBP/USD at 1.5640, then 1.5571, and finally 1.5525. On the ascension, resistive structures will trigger at 1.5755, onto 1.5801 and finally 1.5870.
GBP/USD 200-day MA signaling a trend?
“The GBP/USD still probed the 200-day MA at 1.5698 and as such we note the 13 count on the daily and the TD perfected set up suspecting that we are now trading towards the end of the corrective move higher.” warns Karen Jones, an analyst at Commerzbank.
GBP/USD sails higher, upside eyed above 1.5605 level
According to the Technical Analyst Team at ICN.com, “The GBP/USD pair managed to maintain trading above the 1.5605 level – stabilizing above this level is positive and can push the pair towards 1.5975 levels during this week. 1.5770 is considered an intraday resistance that should be breached to give the pair more bullish momentum and cancel any negativity of momentum indicators.”