Forex: GBP/USD steady around 1.5825 ahead of Europe
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GBP/USD
FXstreet.com (San Francisco) - GBPUSD sits quietly in the 1.5825 price zone in late Asia-Pacific trade. In the European session ahead, UK consumer credit will be key risk event for GBP, due for release at 08:30 GMT.
Technically speaking, "The daily ascendant trend line coming from 1.5489 is now around 1.5790, offering support in case of retracements and attracting buyers," says Valeria Bednarik, Chief Analyst at FXstreet.com. "The upward pressure needs to extend above key 1.5920 level to confirm a stronger continuation in the pair, with scope to test 1.6060."
Technically speaking, "The daily ascendant trend line coming from 1.5489 is now around 1.5790, offering support in case of retracements and attracting buyers," says Valeria Bednarik, Chief Analyst at FXstreet.com. "The upward pressure needs to extend above key 1.5920 level to confirm a stronger continuation in the pair, with scope to test 1.6060."
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