OctaFX | OctaFX Forex Broker
Open trading account
Back

Forex: GBP/USD orbiting around 1.5100

FXstreet.com (Barcelona) - The sterling is trading in the vicinity of the key level of 1.5100 on Monday, basically unaffected about the recent bailout in Cyprus and its consequences so far.
After dipping to the proximities of 1.5070 overnight, the pound managed to push higher to the area of 1.5115, just to retreat afterwards.

At the moment, the cross is losing 0.15% at 1.5099 with the next support at 1.5069 (hourly low Mar.15) followed by 1.5011 (MA10d) and finally 1.4965 (low Mar.7).
On the flip side, a breakout of 1.5135 (MA21d) would bring 1.5200 (high Mar.5) and then 1.5223 (high Feb.28).

Asian markets fall on Cyprus bailout measures

The headlight of the weekend was the EU €17B bailout decision for Cyprus that will be partly funded by a one-off levy on bank deposits (9.9% for deposits over €100k and 6.75% for deposits less than 100k, raising €5.8b). Such measures will go for a vote today at the Cypriot parliament.
Read more Previous

Forex: USD/JPY pressured on Cyprus bailout

Coming from the weekend, the USD/JPY plunged strongly about 100 pips from 95.30 to 94.30 area, with a spike going as low as 94.08. Just recently, the pair came down to test the 94.30 zone again.
Read more Next
Start livechat