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11 May 2015
GBP/USD: support at 1.5400 key for direction – InvestingBetter
FXStreet (Barcelona) - Alpesh Patel of InvestingBetter, believes that GBP/USD might see some correction, anticipating a move below 1.5400 to open up 1.5300 area.
Key Quotes
“The Cable remained afloat on Friday after the release of the US jobs report as it managed to hold on above the 1.5400 support area.”
“For the day ahead we could see a consolidation between the 1.5400 and 1.5500 levels but the truth is that the Cable could correct lower after the initial reaction on the back of the Conservative victory.”
“Our focus at this time is on the 1.5400 floor which if broken should clear the road for the 1.5300 area.”
Key Quotes
“The Cable remained afloat on Friday after the release of the US jobs report as it managed to hold on above the 1.5400 support area.”
“For the day ahead we could see a consolidation between the 1.5400 and 1.5500 levels but the truth is that the Cable could correct lower after the initial reaction on the back of the Conservative victory.”
“Our focus at this time is on the 1.5400 floor which if broken should clear the road for the 1.5300 area.”