Forex: GBP/USD consolidating in the 1.5835/45 area
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GBP/USD
FXstreet.com (Barcelona) - The sterling is posting marginal losses on Thursday, trading around the 1.5835/45 region and retracing ground after yesterday's tops in the boundaries of 1.5900
On Wednesday, a neutral tone out of the BoE minutes plus the speech by UK's PM D.Cameron gave some support to the pound, although the momentum run out of steam later.
As of writing, GBPUSD is down 0.03% at 1.5841 with the immediate support at 1.5807 (2013 low Jan.21) ahead of 1.5804 (Lower Bollinger) and then 1.5778 (low Aug.31 2012).
On the upside, a breakout of 1.5893 (high Jan.21) would bring 1.5907 (MA200d) and finally 1.5978 (MA10d).
On Wednesday, a neutral tone out of the BoE minutes plus the speech by UK's PM D.Cameron gave some support to the pound, although the momentum run out of steam later.
As of writing, GBPUSD is down 0.03% at 1.5841 with the immediate support at 1.5807 (2013 low Jan.21) ahead of 1.5804 (Lower Bollinger) and then 1.5778 (low Aug.31 2012).
On the upside, a breakout of 1.5893 (high Jan.21) would bring 1.5907 (MA200d) and finally 1.5978 (MA10d).
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