Back
15 Aug 2013
GBP/USD, 2-month summits reached at 1.5652
FXstreet.com (Chicago) - GBP/USD has advanced 0.91% so far as market participants seem reluctant to buy dollars to choose pounds instead.
Price action indicates there is a strong bullish sentiment as the pair has skyrocketed to 1.5652 intraday highs at closing of the American trading session. Wall Street closed in red with the Dow down 1.41%, the Nasdaq down 1.70% and the S&P losing 1.43%.
Trading at 1.5641, the pair navigates between supports at 1.5607 (August 8th highs), 1.5558 (August 10th highs) ahead of 1.5515 (June 19th lows) and resistances at 1.5684 (June 19th highs), 1.5717 (June 12th highs) followed by 1.5750 (June 16th highs).
Price action indicates there is a strong bullish sentiment as the pair has skyrocketed to 1.5652 intraday highs at closing of the American trading session. Wall Street closed in red with the Dow down 1.41%, the Nasdaq down 1.70% and the S&P losing 1.43%.
Trading at 1.5641, the pair navigates between supports at 1.5607 (August 8th highs), 1.5558 (August 10th highs) ahead of 1.5515 (June 19th lows) and resistances at 1.5684 (June 19th highs), 1.5717 (June 12th highs) followed by 1.5750 (June 16th highs).