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17 Jul 2013
GBP/USD flat for the week above 1.51
FXstreet.com (Barcelona) - The GBP/USD foreign exchange rate is last trading at 1.5114, off recent session lows at 1.5107, printed on the back of broad USD recovery, ahead of UK job figures and BoE minutes at 08:30 GMT.
GBP/USD slightly bullish while above 1.51
"The GBP/USD found support late in the US afternoon, finally overcome the static resistance area around 1.5130 although showing not much follow through,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart a slightly bullish tone is also present, supporting an upward continuation as long as price holds above 1.5100.”
GBP/USD key technical levels
Bednarik finds support levels at: 15130, 1.5090 and 1.5050, while resistance levels at: 1.5165, 1.5190 and 1.5220.
GBP/USD slightly bullish while above 1.51
"The GBP/USD found support late in the US afternoon, finally overcome the static resistance area around 1.5130 although showing not much follow through,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart a slightly bullish tone is also present, supporting an upward continuation as long as price holds above 1.5100.”
GBP/USD key technical levels
Bednarik finds support levels at: 15130, 1.5090 and 1.5050, while resistance levels at: 1.5165, 1.5190 and 1.5220.