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5 Apr 2013
Forex: GBP/USD hovering over 1.5350
FXstreet.com (Barcelona) - What a week for the sterling! Considering that the cross printed weekly lows yesterday around 1.5040 and is now orbiting around 1.5350.
Recall that the sterling found increased buying pressure after the BoE left intact its monetary policy on Thursday and today after the US economy disappointed investors adding ‘only’ 88K jobs in March, vs. 200K expected and 268K previous.
At the moment, the pair is up 0.65% at 1.5334 with the next hurdle at 1.5452 (high Feb.20) followed by 1.5544 (high Feb.14).
On the flip side, a breakdown of 1.5199 (hourly low Apr.5) would bring 1.5188 (MA10d) and finally 1.5117 (MA21d).
Recall that the sterling found increased buying pressure after the BoE left intact its monetary policy on Thursday and today after the US economy disappointed investors adding ‘only’ 88K jobs in March, vs. 200K expected and 268K previous.
At the moment, the pair is up 0.65% at 1.5334 with the next hurdle at 1.5452 (high Feb.20) followed by 1.5544 (high Feb.14).
On the flip side, a breakdown of 1.5199 (hourly low Apr.5) would bring 1.5188 (MA10d) and finally 1.5117 (MA21d).