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23 May 2013
GBP/USD attempts to regain 1.5100
FXstreet.com (Córdoba) - Following a failure upside attempt and with the subsequent pullback contained by 1.5050, the British pound managed to resume its daily advance versus the dollar.
GBP/USD has climbed over 40 pips within the last hour, although it has lacked strength to break decisively above the 1.5095/1.5100. At time of writing, GBP/USD is trading around 1.5090, where it posts a 0.3% gain on Thursday.
"Further advances may extend up to 1.5130, strong Fibonacci resistance", says Valeria Bednarik, chief analyst at FXstreet.com. "The pair is finding short term buying interest around 1.5050, so accelerations below this latter will deny the possibility of a recovery and see the pair approaching next Fibonacci support around 1.4990".
GBP/USD has climbed over 40 pips within the last hour, although it has lacked strength to break decisively above the 1.5095/1.5100. At time of writing, GBP/USD is trading around 1.5090, where it posts a 0.3% gain on Thursday.
"Further advances may extend up to 1.5130, strong Fibonacci resistance", says Valeria Bednarik, chief analyst at FXstreet.com. "The pair is finding short term buying interest around 1.5050, so accelerations below this latter will deny the possibility of a recovery and see the pair approaching next Fibonacci support around 1.4990".