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9 Aug 2013
GBP/USD in consolidation mode
FXstreet.com (Córdoba) - The GBP/USD continues to consolidate in a rather tight range on Friday, just below its 7-week high of 1.5573 scored during last American session.
GBP/USD hovers below 1.5575
The GBP/USD has been underpinned this week not only by the BoE forward guidance but also by broad dollar weakness seen since the disappointing NFP report last Friday. GBP/USD climbed about 300 pips throughout the week, but stalled at 1.5573 and entered in a consolidation phase.
GBP/USD technical levels
Having spent the last session within a 30-pip range, the pair is currently trading at 1.5530/35, where it is virtually unchanged since opening. As for technical levels, the Mataf.net analyst team locates immediate supports at 1.5530, 1.5485 and 1.5390, while they place resistances at 1.5575, 1.5620 and 1.5665.
GBP/USD hovers below 1.5575
The GBP/USD has been underpinned this week not only by the BoE forward guidance but also by broad dollar weakness seen since the disappointing NFP report last Friday. GBP/USD climbed about 300 pips throughout the week, but stalled at 1.5573 and entered in a consolidation phase.
GBP/USD technical levels
Having spent the last session within a 30-pip range, the pair is currently trading at 1.5530/35, where it is virtually unchanged since opening. As for technical levels, the Mataf.net analyst team locates immediate supports at 1.5530, 1.5485 and 1.5390, while they place resistances at 1.5575, 1.5620 and 1.5665.