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23 Feb 2015
GBP/USD: further falls below 1.5315 – FXStreet
FXStreet (Barcelona) - Valeria Bednarik, Chief Analyst at FXStreet, views GBP/USD might move towards 1.5260/70 levels on a break below the immediate support at 1.5315.
Key Quotes
“The GBP/USD trades lower in range, with the Pound holding fairly well against the generalized dollar strength.”
“Past week low at 1.5315 comes as the immediate short term support, with a break below it exposing the pair to a continued decline towards the 1.5260/70 price zone, while a break below this last may see the pair down to 1.5220 during the upcoming sessions.”
“At this point, the price needs to settle above 1.5360 to be able to reverse curse and test again the 1.5400 figure, where sellers are now aligned.”
Key Quotes
“The GBP/USD trades lower in range, with the Pound holding fairly well against the generalized dollar strength.”
“Past week low at 1.5315 comes as the immediate short term support, with a break below it exposing the pair to a continued decline towards the 1.5260/70 price zone, while a break below this last may see the pair down to 1.5220 during the upcoming sessions.”
“At this point, the price needs to settle above 1.5360 to be able to reverse curse and test again the 1.5400 figure, where sellers are now aligned.”