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12 Sep 2013
GBP/USD loses grip on 1.5800 level
FXstreet.com (Lisbon) - The GBP/USD technical pair has been much maligned recently, waning to daily lows at the 1.5788 region as the 1.5800 barrier appears to be in jeopardy during European trading.
GBP/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The GBP/USD has rallied to the November 2012 low at 1.5830 and halted here. The 13 count on the TD combo suggests a warning for further moves higher at present and if holding longs we would raise stops.”
GBP/USD technical levels
The GBP/USD is presently incurring losses of -0.13% off its opening Thursday, with the pair now trading at the 1.5798 region despite the recent recovery off lows. In terms of the technical levels, the GBP/USD remains insulated by supports at 1.5754, ahead of 1.5720, and 1.5699, calculates the Mataf.net Analyst team.
GBP/USD strategic bias
According to Karen Jones, an analyst at Commerzbank, “The GBP/USD has rallied to the November 2012 low at 1.5830 and halted here. The 13 count on the TD combo suggests a warning for further moves higher at present and if holding longs we would raise stops.”
GBP/USD technical levels
The GBP/USD is presently incurring losses of -0.13% off its opening Thursday, with the pair now trading at the 1.5798 region despite the recent recovery off lows. In terms of the technical levels, the GBP/USD remains insulated by supports at 1.5754, ahead of 1.5720, and 1.5699, calculates the Mataf.net Analyst team.