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11 Jun 2013
GBP/USD pops above 1.5600
FXstreet.com (Córdoba) - The GBP/USD received a mild boost and reached fresh daily highs, reversing earlier losses at the beginning of the New York session.
GBP/USD briefly rose above the 1.5600 mark to hit a fresh peak at 1.5603 before losing momentum and pulling back. At time of writing, GBP/USD is trading at the 1.5590 area, where it posts a 0.1% daily gain, having been as low as 1.5519 an hour ago.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com notes that the pair holds a neutral tone. "Unless a break below 1.5480 support, selling is not recommended. A recovery above 1.5570 will favor an upward continuation with 1.5610 then at sight".
GBP/USD briefly rose above the 1.5600 mark to hit a fresh peak at 1.5603 before losing momentum and pulling back. At time of writing, GBP/USD is trading at the 1.5590 area, where it posts a 0.1% daily gain, having been as low as 1.5519 an hour ago.
From a technical view, Valeria Bednarik, chief analyst at FXstreet.com notes that the pair holds a neutral tone. "Unless a break below 1.5480 support, selling is not recommended. A recovery above 1.5570 will favor an upward continuation with 1.5610 then at sight".