23 Jul 2013
GBP/USD stalled ahead of 1.5320
FXstreet.com (London) - GBP/USD hasn’t been able to extend to the downside post poor UK data.
GBP/USD has settled ahead of the 1.5320 support zone and is oscillating at 1.5330 post the disappointing UK numbers in June Mortgage Approvals. The number came in at just 37.3K vrs 38.5K expected, although slightly better than a previous 36.1K. The pair pulled away from the 1.5400 handle and the pair still remains overall in positive territory. Next up comes the US Housing Price Index at 1GMT
GBP/USD Levels
GBP/USD has 20d ma 1.5163, 50d ma 1.5285, 200d ma 1.5584, RSI is 63.23 Supports are 1.5258, 1.5275, 1.5297, 1.5323, and Resistances are 1.5385, 1.5397, 1.5436, and 1.5442. GBP/USD needs a move sub 1.5300 to appease the bears and 1.5320 is first hurdle. However, one would assume that the pair would remain bid above 1.5232 support at the start of the uptrend. Below there opens up the downside once back to the 1.4854/32 support zone.
GBP/USD has settled ahead of the 1.5320 support zone and is oscillating at 1.5330 post the disappointing UK numbers in June Mortgage Approvals. The number came in at just 37.3K vrs 38.5K expected, although slightly better than a previous 36.1K. The pair pulled away from the 1.5400 handle and the pair still remains overall in positive territory. Next up comes the US Housing Price Index at 1GMT
GBP/USD Levels
GBP/USD has 20d ma 1.5163, 50d ma 1.5285, 200d ma 1.5584, RSI is 63.23 Supports are 1.5258, 1.5275, 1.5297, 1.5323, and Resistances are 1.5385, 1.5397, 1.5436, and 1.5442. GBP/USD needs a move sub 1.5300 to appease the bears and 1.5320 is first hurdle. However, one would assume that the pair would remain bid above 1.5232 support at the start of the uptrend. Below there opens up the downside once back to the 1.4854/32 support zone.