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Forex: GBP/USD eases to 1.5315/20

FXstreet.com (Barcelona) - The sterling is intensifying its intraday downside from highs in the vicinity of 1.5350 to the current area of 1.5315/20, as sentiment is undermined by the developments in Cyprus.

Light UK calendar will bring the BRC Retail Sales Monitor and the RICS Housing Price Balance for the month of March.

At the moment, the cross is down 0.11% at 1.5318 facing the next support at 1.5199 (hourly low Apr.5) ahead of 1.5188 (MA10d) and finally 1.5117 (MA21d).
On the other hand a breakout of 1.5330 (high Feb.22) would expose 1.5452 (high Feb.20) and then 1.5544 (high Feb.14).

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