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Forex: GBP/USD pares losses to trade at 1.5130/31

FXstreet.com (Barcelona) - The GBP/USD has surged higher off the 1.5080 mark during American trading Tuesday, regaining the 1.5100 level en route to 1.5130/31 in these moments. Having erased its losses, the pair now operates in positive territory, +0.12% above its opening.

The ICN.com analyst team points to resistances at 1.5130, onto 1.5190, and finally 1.5225. Conversely, a paring of recent gains and a subsequent move to the downside will result in GBP/USD testing calculated support at 1.5100, ahead of 1.5080, and 1.5030.

“Trading is biased to the upside in light of stability above the key resistance of a downside wave. As such, we hold on to our positive expectations as long as the GBP/USD remains above the 1.4990 level.” notes the ICN.com Analyst Team.

Forex: GBP/USD approaching daily highs after Cyprus PM resignation

Having approached the daily low of 1.5074 (going to 1.5077) in early US session, the GBP/USD bounced back to retrace its losses and rise towards its highs as reports say the Cypriot Parliament postponed the vote for tomorrow and, more importantly, the Prime Minister submitted his resignation. The pair reached as high as 1.5136, getting closer to 1.5145 daily high.
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