Forex: GBP/USD trading back above 1.5700
Forex pairs in this Article »
GBP/USD
FXstreet.com (Barcelona) - The sterling is posting marginal gains on Tuesday, regaining the key resistance at 1.5700 as markets are biased towards the risk appetite before the opening bell in London.
Today's empty calendar in the UK would prompt GBP traders to follow its European peer when comes to determine the price action.
The cross is now advancing 0.06% at 1.5702 with the next resistance at 1.5795 (hourly high Jan.28) ahead of 1.5852 (high Jan.24) and then 1.5876 (MA10d).
On the downside, a break below 1.5678 (low Aug.20) would bring 1.5674 (low Aug.17) and then 1.5667 (61.8% of 1.5269-1.6310).
Today's empty calendar in the UK would prompt GBP traders to follow its European peer when comes to determine the price action.
The cross is now advancing 0.06% at 1.5702 with the next resistance at 1.5795 (hourly high Jan.28) ahead of 1.5852 (high Jan.24) and then 1.5876 (MA10d).
On the downside, a break below 1.5678 (low Aug.20) would bring 1.5674 (low Aug.17) and then 1.5667 (61.8% of 1.5269-1.6310).
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