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22 Mar 2013
Forex: GBP/USD looking at 1.5200 asks
FXstreet.com (Barcelona) - Slow session for Cable again in Asia-Pacific, last at 1.5191, near session highs, and slightly below yesterday's fresh 3-week high at 1.5210. The pair has been pushing to the upside as sentiment towards Pound has been shifting since latest BoE's King comments, suggesting not so much easing as previously expected could be in the pipeline.
As Valeria Bednarik notes, Chief Analyst at Fxstreet.com: “Technical readings are easing towards their midlines, as the pair trades around the top of its latest range. The 4 hours chart presents a positive tone, although with no momentum: price needs now to accelerate and establish above 1.5220 to be able to continue advancing,” the analyst concludes.
Valeria spots support levels at: 1.5115, 1.5070 and 1.5040, while resistance levels at: 1.5180, 1.5220 and 1.5260.
As Valeria Bednarik notes, Chief Analyst at Fxstreet.com: “Technical readings are easing towards their midlines, as the pair trades around the top of its latest range. The 4 hours chart presents a positive tone, although with no momentum: price needs now to accelerate and establish above 1.5220 to be able to continue advancing,” the analyst concludes.
Valeria spots support levels at: 1.5115, 1.5070 and 1.5040, while resistance levels at: 1.5180, 1.5220 and 1.5260.