30 Apr 2015
GBP/USD lower levels and a swing traders delight
FXStreet (Guatemala) - GBP/USD is currently trading at 1.5325 with a high of 1.5493 an a low of 1.5302.
GBP/USD is losing territory having been at the highest levels since 25th Feb business and the greenback manages to claw back some good ground across a number of currencies across the board, in part on jobless claims data today, and offering swing traders some good opportunities.
Cable being cable, the bears have collected some of the biggest pips to the downside through the major and the pair is now testing the rising support line and the 38.2% of the move up from the April 27 that were lows down on the 1.5110 support ahead of the 100h ma. A break of this fib level and support zone between 1.5340/20 opens up deeper lines of support with 1.5260/00 being exposed next.
GBP/USD is losing territory having been at the highest levels since 25th Feb business and the greenback manages to claw back some good ground across a number of currencies across the board, in part on jobless claims data today, and offering swing traders some good opportunities.
Cable being cable, the bears have collected some of the biggest pips to the downside through the major and the pair is now testing the rising support line and the 38.2% of the move up from the April 27 that were lows down on the 1.5110 support ahead of the 100h ma. A break of this fib level and support zone between 1.5340/20 opens up deeper lines of support with 1.5260/00 being exposed next.