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16 Jul 2013
The GBP/USD extends advance to 1.5150
FXstreet.com (San Francisco) - The Sterling is extending its advance against the US dollar and after rising 40 more pips in the last hour, the GBP/USD has complete a 100 pips upside movement from 1.5045 to reach fresh intra-week high at 1.5150.
Currently, the GBP/USD is trading at 1.5140, 0.27% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
GBP/USD tech levels
Above the 1.5150 level, next resistance is at 1.5173 (38.2% of 1.5753-1.4814) and then 1.5222 (high Jul.11). On the downside, a violation of 1.5028 (low Jul.15) would clear the way to 1.5018 (50% of 1.4814-1.5222) and then 1.5000 (psychological level).
Currently, the GBP/USD is trading at 1.5140, 0.27% positive on the day. The short term perspective is slightly bullish according to the FXstreet.com trend index in the 15-minute chart. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bearish.
GBP/USD tech levels
Above the 1.5150 level, next resistance is at 1.5173 (38.2% of 1.5753-1.4814) and then 1.5222 (high Jul.11). On the downside, a violation of 1.5028 (low Jul.15) would clear the way to 1.5018 (50% of 1.4814-1.5222) and then 1.5000 (psychological level).