May 7, 2013
Forex: GBP/USD extends consolidation into NY session
The pound trades marginally lower against the dollar, having spent most of the day within a slim range unable to set a fresh direction. GBP/USD is currently trading down 0.1% at the 1.5530 area, having hit a low of 1.5520 and a high of 1.5550, where the 100-hour SMA acted as dynamic resistance.
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