Forex: GBP/USD: level to watch is 1.5920 – V.Bednarik
Forex pairs in this Article » GBP/USD
FXstreet.com (San Francisco) - After rebounding from recent 3-month lows (1.5820) overnight, GBPUSD is so far unchanged from Thursday's close, now trading a very limited sideways range above the 1.5850 mark. However, Valeria Bednarik, Chief Analyst at FXstreet.com says the pound "continues to look heavy against the greenback," hit by negative UK Retail Sales figures yesterday. "Level to watch to the upside is 1.5920 area, as only above the pair mat attempt a stronger recovery towards the 1.60 area," says the analyst. To the downside, support levels lie at 1.5850, 1.5820 and 1.5770.