Forex: GBP/USD bounces from lows
Forex pairs in this Article »
GBP/USD
FXstreet.com (Córdoba) - After being rejected once again by the 1.6050 resistance area, the Cable turned lower and retraced intraday gains as the Greek deal euphoria faded.
However, GBPUSD found buyers at the 1.6015 zone and staged a mild bounce to currently trade at the 1.6040 zone, 0.1% above its opening price.
From a technical view, "A strong move above 1.6050 will be bullish for a further rise towards 1.6080 and 1.6160", says the Kshitij Consultancy Services Team. "On the other hand a move below 1.5990 will mean that levels of 1.5910 are likely to be seen again".
However, GBPUSD found buyers at the 1.6015 zone and staged a mild bounce to currently trade at the 1.6040 zone, 0.1% above its opening price.
From a technical view, "A strong move above 1.6050 will be bullish for a further rise towards 1.6080 and 1.6160", says the Kshitij Consultancy Services Team. "On the other hand a move below 1.5990 will mean that levels of 1.5910 are likely to be seen again".
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