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19 Jun 2013
GBP/USD bounces off lows
FXstreet.com (New York) - The GBP/USD technical pair has continued grinding lower Wednesday to a session low of 1.5611, on the heels of the BoE minutes earlier today during European trading.
GBP/USD fresh upside attempt expected
According to the Technical Analyst Team at ICN.com, “The GBP/USD faced negative pressure yesterday, though it wasn’t enough to confirm four-hour stability below 1.5605. Therefore, the positive possibility is still valid for today – the pair has to stabilize now above 1.5685 to confirm the bullish wave, but we will count on the positive linear regression indicators to expect a new attempt to the upside.”
GBP/USD intact above support
Amidst the recent pullback Wednesday, the GBP/USD is now settling at 1.5625 in these moments, incurring a loss of -0.13% off it’s opening. With FOMC insights scheduled for later today, the Mataf.net analyst team points to the next levels of supportive correction at 1.5554, ahead of 1.5482, and finally 1.5399. Conversely, the pair will face resistance at 1.5709, onto 1.5792, and eventually 1.5864.
GBP/USD fresh upside attempt expected
According to the Technical Analyst Team at ICN.com, “The GBP/USD faced negative pressure yesterday, though it wasn’t enough to confirm four-hour stability below 1.5605. Therefore, the positive possibility is still valid for today – the pair has to stabilize now above 1.5685 to confirm the bullish wave, but we will count on the positive linear regression indicators to expect a new attempt to the upside.”
GBP/USD intact above support
Amidst the recent pullback Wednesday, the GBP/USD is now settling at 1.5625 in these moments, incurring a loss of -0.13% off it’s opening. With FOMC insights scheduled for later today, the Mataf.net analyst team points to the next levels of supportive correction at 1.5554, ahead of 1.5482, and finally 1.5399. Conversely, the pair will face resistance at 1.5709, onto 1.5792, and eventually 1.5864.