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21 Jun 2013
GBP/USD tumbles off 1.5500 barrier
FXstreet.com (New York) - The GBP/USD foreign exchange rate took a tumble in European trading as the 1.5500 level could not be breached.
GBP/USD cannot overtake 1.5500
At the time of writing, the GBP/USD technical pair is trading at session lows at 1.5552, down a -0.37% Friday. The Mataf.net analyst team points to the propensity for short-term supports at 1.5433, ahead of 1.5370, and 1.5325. On the ascension, resistive measures are found at 1.5541, then 1.5586, and ultimately 1.5649.
GBP/USD continues to weigh in downside
According to the Karen Jones, an analyst at Commerzbank, “The GBP/USD continues to weigh on the downside – the daily RSI has diverged, we have a 13 count on the daily and the TD perfected set up all suggest that the market has topped at 1.5752. This move lower is poised to encounter the 55 day ma at 1.5377, failure here is needed to signal a slide to the support line at 1.5063.”
GBP/USD cannot overtake 1.5500
At the time of writing, the GBP/USD technical pair is trading at session lows at 1.5552, down a -0.37% Friday. The Mataf.net analyst team points to the propensity for short-term supports at 1.5433, ahead of 1.5370, and 1.5325. On the ascension, resistive measures are found at 1.5541, then 1.5586, and ultimately 1.5649.
GBP/USD continues to weigh in downside
According to the Karen Jones, an analyst at Commerzbank, “The GBP/USD continues to weigh on the downside – the daily RSI has diverged, we have a 13 count on the daily and the TD perfected set up all suggest that the market has topped at 1.5752. This move lower is poised to encounter the 55 day ma at 1.5377, failure here is needed to signal a slide to the support line at 1.5063.”