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Forex: GBP/USD trading at support at 1.5143/45

FXstreet.com (Barcelona) - The GBP/USD has been edging downward Tuesday, having made a failed attempt at the upside at 1.5165 earlier today during US trading. In recent minutes, the cross has fallen within sights of session lows (1.5135), trading at 1.5143/45 in these moments. The pair is fortified here by support, and is presently incurring a decline of -0.19% at the time of writing.

“The GBP/USD dropped below 1.5190, but remained within the ascending channel and stable above 1.5085 – we notice that it’s also trading below the linear regression indicators but the stochastic attempts to turn to the upside. Therefore, we prefer to remain neutral today to see if the pair will trade again above 1.5190 levels or fail and break the ascending key support.”
suggests the ICN.com analyst team.

Mataf.net analysts point to means of support at 1.5145, then the 1.5100 barrier, and ahead of 1.5085. Conversely, the GBP/USD will face calculated measures of resistance at 1.5190, onto 1.5225, and 1.5250.

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