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17 Jul 2013
GBP/USD stabilizes above 1.5200 region
FXstreet.com (New York) - The GBP/USD foreign exchange rate has been bleeding off its gains during the latter stages of US trading Wednesday, unable to effectively pierce the 1.5200 barrier.
At the time of writing, the GBP/USD is settling at 1.5211, notching a modest advance of +0.34% still, despite the general easing over the US session. The Mataf.net analyst team points to resistances at 1.5236, onto 1.5303.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/USD is moving to the upside in an attempt to stabilize above Linear Regression Indicator 55. Prolonged stability above 1.5185 is positive and might extend bullishness today unless the pair moved below 1.5185 and stabilized below it.”
At the time of writing, the GBP/USD is settling at 1.5211, notching a modest advance of +0.34% still, despite the general easing over the US session. The Mataf.net analyst team points to resistances at 1.5236, onto 1.5303.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/USD is moving to the upside in an attempt to stabilize above Linear Regression Indicator 55. Prolonged stability above 1.5185 is positive and might extend bullishness today unless the pair moved below 1.5185 and stabilized below it.”