From now on we Elev8
We're more than just a broker. We're an all-in-one trading ecosystem—everything you need to analyse, trade, and grow is in one place. Ready to elevate your trading?
Trading news
11 Apr 2013
Forex: GBP/USD sidelined around 1.5330
FXstreet.com (Barcelona) - The sterling is consolidating around 1.5330 on Thursday, keeping the upside after Wednesday’s lows in the proximities of 1.5290.
Empty docket in the UK would prompt GBP traders to look to its European counterpart to determine today’s price action. In the US, Import and export prices plus the weekly report on the labour market would spark some volatility in the cross via de USD.
As of writing, GBP/USD is losing 0.01% at 1.5331 with the next support at 1.5251 (low Apr.9) followed by 1.5239 (low Apr.8) and finally 1.5235 (MA10d).
On the flip side, a breakout of 1.5343 (high Apr.10) would expose 1.5352 (high Apr.8) and then 1.5364 (high Apr.5).
Empty docket in the UK would prompt GBP traders to look to its European counterpart to determine today’s price action. In the US, Import and export prices plus the weekly report on the labour market would spark some volatility in the cross via de USD.
As of writing, GBP/USD is losing 0.01% at 1.5331 with the next support at 1.5251 (low Apr.9) followed by 1.5239 (low Apr.8) and finally 1.5235 (MA10d).
On the flip side, a breakout of 1.5343 (high Apr.10) would expose 1.5352 (high Apr.8) and then 1.5364 (high Apr.5).