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17 Apr 2015
GBP/USD might see further gains above 1.5020 – FXStreet
FXStreet (Barcelona) - According to Valeria Bednarik, Chief Analyst at FXStreet, a GBP/USD break above 1.5020 opens up 1.5060 and even 1.5100 levels.
Key Quotes
“The 1.5000 level is a critical static resistance and selling interest around it is containing the upside. A break through the level that sees price extending above 1.5020, should lead to additional advances up to 1.5060 in the short term, with a break above this last exposing the 1.5100 level.”
“The immediate support stands at 1.4965, with a break below it required to see the pair turning lower towards the 1.4920 level.”
Key Quotes
“The 1.5000 level is a critical static resistance and selling interest around it is containing the upside. A break through the level that sees price extending above 1.5020, should lead to additional advances up to 1.5060 in the short term, with a break above this last exposing the 1.5100 level.”
“The immediate support stands at 1.4965, with a break below it required to see the pair turning lower towards the 1.4920 level.”