OctaFX | OctaFX Forex Broker
Open trading account
Back

GBP/USD testing the 1.5100 region

FXstreet.com (Barcelona) - The GBP/USD rallied ever so slightly of the 1.5082 level during European trading, recovering nearly 13 pips in recent moments to testing the 1.5100 barrier.

At the time of writing, the pair is now settling a marginal -0.02% off its opening Tuesday. The GBP/USD will face supportive measures at 1.5048, then 1.5017, and finally 1.4963. On the ascension, a movement above 1.5133 will initiate resistance at 1.5187 onto 1.5218, notes the Mataf.net analyst team.

According to the ICN.com Technical Analyst Team, “The GBP/USD failed to extend trading above 1.5130 and moved to the downside but remained limited above Linear Regression Indicators and breached key resistance level of the bearish. Ultimately, trading above 1.5035 is positive and might trigger an upside correction. We also find the stochastic supporting our expectations.”

EUR/USD threatening 1.2900

The selling interest continues to weight on the bloc currency on Tuesday, dragging the pair to test the critical mark at 1.2900...
Read more Previous

EUR/JPY trading at resistance at 131.84/91

The EUR/JPY has benefited in a JPY waning across the board Tuesday, having jumped higher during European trading and briefly touching the 132.00 level earlier today (132.05 session high).
Read more Next
Start livechat