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Forex pairs in this Article » GBP/USD (Barcelona) - Cable retraced again from the upper bound of the trading range 1.5890/1.5800 the pair has been into since the start of the week, last at 1.5833. Little moved in current Asia-Pacific session trading, ahead of the WEF in Zurich where BoE MPC member Haldane will speak at 06:00 GMT, followed by PM Cameron, who will do so at 09:30 GMT, same time than UK BBA Mortgage Approvals are released.

As Valeria Bednarik, Chief Analyst at notes: "with hourly indicators neutral, the downside remains favored towards 1.5770. A break above 1.5890 on the other hand, may see the pair attempt to establish above 1.5910/20 area, next short term resistance: clearance of this last is what it takes to deny the bearish tone and see further recoveries in the pair," she concludes.

Valeria finds support levels at: 1.5850, 1.5820 and 1.5770, while resistance levels at: 1.5885, 1.5915, and 1.5950.
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