Forex: GBP/USD consolidates above 1.5900
Forex pairs in this Article »
GBP/USD
FXstreet.com (Barcelona) - The sterling continues to follow its European peer on Tuesday, consolidating ground above the key mark of 1.5900, as markets remains directionless waiting for the opening bell in London.
The EU finance ministers' meeting is due today. Market participants expect the gathering to shed some light over the debt crisis in Greece, with direct implications in risk trends.
As of writing, the cross is posting marginal gains at 1.5911 or +0.01% with the next resistance at at 1.5925 (hourly high Nov.19) followed by 1.5987 (MA21d) and then 1.6020 (high Nov.9).
On the downside, a break below 1.5852 (MA200d) would clear the way to 1.5828 (low Nov.15) and 1.5826 (low Sep.5).
The EU finance ministers' meeting is due today. Market participants expect the gathering to shed some light over the debt crisis in Greece, with direct implications in risk trends.
As of writing, the cross is posting marginal gains at 1.5911 or +0.01% with the next resistance at at 1.5925 (hourly high Nov.19) followed by 1.5987 (MA21d) and then 1.6020 (high Nov.9).
On the downside, a break below 1.5852 (MA200d) would clear the way to 1.5828 (low Nov.15) and 1.5826 (low Sep.5).
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