Forex: GBP/USD flat above 1.5700
Forex pairs in this Article »
GBP/USD
FXstreet.com (Barcelona) - The sterling eased some ground on Friday, falling from session highs around 1.5740 on positive data out of China, to the current levels in the proximities of 1.5715
After yesterday spike to the area around 1.5770 on M.Carney speech, the pound retraced part of those gains to follow the rest of the risk-associated assets to lower ground, although keeping alive the 1.5700 handle so far.
As of writing, GBPUSD is up 0.04% at 1.5722 facing the next barrier at 1.5732 (MA120d) followed by 1.5768 (failure high Feb.7) and then 1.5805 (high Feb.5).
On the downside, a breach of 1.5646 (low Feb.7) would open the door to 1.5628 (low Feb.5) en route to 1.5578 (low Aug.10).
After yesterday spike to the area around 1.5770 on M.Carney speech, the pound retraced part of those gains to follow the rest of the risk-associated assets to lower ground, although keeping alive the 1.5700 handle so far.
As of writing, GBPUSD is up 0.04% at 1.5722 facing the next barrier at 1.5732 (MA120d) followed by 1.5768 (failure high Feb.7) and then 1.5805 (high Feb.5).
On the downside, a breach of 1.5646 (low Feb.7) would open the door to 1.5628 (low Feb.5) en route to 1.5578 (low Aug.10).
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