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25 Apr 2013
Forex: GBP/USD consolidates gains near highs
FXstreet.com (Córdoba) - Following a short-lived correction, the British pound found support and is back headed north, approaching daily highs versus the greenback.
GBP/USD was rejected from a 2-month high of 1.5479, level reached in the wake of the UK GDP surprise, but the subsequent dip was contained by the 1.5430 zone. At time of writing, GBP/USD is quoting around 1.5440/45, still up 1.1% on the day.
On the upside, next resistances could be found at 1.5479 (daily high) and 1.5500 (psychological level). On the downside, supports are seen at 1.5430 (intraday level), 1.5400 (psychological level) and 1.5380 (21-hour SMA).
GBP/USD was rejected from a 2-month high of 1.5479, level reached in the wake of the UK GDP surprise, but the subsequent dip was contained by the 1.5430 zone. At time of writing, GBP/USD is quoting around 1.5440/45, still up 1.1% on the day.
On the upside, next resistances could be found at 1.5479 (daily high) and 1.5500 (psychological level). On the downside, supports are seen at 1.5430 (intraday level), 1.5400 (psychological level) and 1.5380 (21-hour SMA).