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13 Jun 2013
GBP/USD retreats from highs
FXstreet.com (Edinburgh) - After climbing as high as the boundaries of 1.5740, the upside of GBP/USD run out of steam and initiated a correction lower to the area near 1.5670.
GBP/USD bullishness remains intact
Empty docket in the UK leave the pair to the mercy of the risk trends, although decoupling from its European peer. Camilla Sutton, Strategist at Scotiabank, remains bullish on the pair, adding “all signals in buy territory, with support at yesterday’s low of 1.3266 and resistance at 1.3400”.
GBP/USD key levels
As of writing, the pair is down 0.03% at 1.5674 facing the next support at 1.5634 (low Jun.13) ahead of the psychological level at 1.5600 and finally 1.5521 (low Jun.11). On the upside, a break above 1.5789 (61.8% of 1.6380-1.4832) would bring 1.5810 (high Feb.11).
GBP/USD bullishness remains intact
Empty docket in the UK leave the pair to the mercy of the risk trends, although decoupling from its European peer. Camilla Sutton, Strategist at Scotiabank, remains bullish on the pair, adding “all signals in buy territory, with support at yesterday’s low of 1.3266 and resistance at 1.3400”.
GBP/USD key levels
As of writing, the pair is down 0.03% at 1.5674 facing the next support at 1.5634 (low Jun.13) ahead of the psychological level at 1.5600 and finally 1.5521 (low Jun.11). On the upside, a break above 1.5789 (61.8% of 1.6380-1.4832) would bring 1.5810 (high Feb.11).