29 Jul 2013
GBP/USD consolidates lows around 1.5350
FXstreet.com (San Francisco) - After falling around 80 pips from 1.5412 in the early American morning, the GBP/USD finally found support at 1.5325, where the pair bounced back to trade in consolidation mode in between 1.5340 and 1.5360.
Currently, the GBP/USD is trading at 1.5352, 0.19% negative on the day. However, the short term perspective has turned into slightly bullish according to the FXstreet.com trend index in the 15-minute chart.
GBP/USD technical bias
Indicators such as CCI and Momentum are pointing to the north while the MACD and the Stochastic are neutral in the 15 minutes timeframe too. Overall, the Forecast Poll sees the "GBP/USD as neutral to bearish" as according to the latest poll, the "Pound should start easing soon, but not too far away."
The GBP/USD's recovery would face resistances at 1.5365, 1.5410 and 1.5435. On the downside, supports are at 1.5330, 1.5265.
Currently, the GBP/USD is trading at 1.5352, 0.19% negative on the day. However, the short term perspective has turned into slightly bullish according to the FXstreet.com trend index in the 15-minute chart.
GBP/USD technical bias
Indicators such as CCI and Momentum are pointing to the north while the MACD and the Stochastic are neutral in the 15 minutes timeframe too. Overall, the Forecast Poll sees the "GBP/USD as neutral to bearish" as according to the latest poll, the "Pound should start easing soon, but not too far away."
The GBP/USD's recovery would face resistances at 1.5365, 1.5410 and 1.5435. On the downside, supports are at 1.5330, 1.5265.