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13 Sep 2013
GBP/USD extends gains above 1.5800 region
FXstreet.com (Lisbon) - The GBP/USD technical pair moved higher Friday, overtaking the 1.5800 barrier and opening up fresh gains during European trading.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/USD dropped but remained limited above the previous top at 1.5750. Linear Regression Indicators are still positive supporting the possibility of bringing positivity back. Therefore, we hold on to our expectations of extending positivity supported by the ascending channel, in addition to the positivity of Linear Regression Indicators.”
GBP/USD technical levels
The GBP/USD is presently securing gains of +0.05% above its opening Friday, with the pair now trading at the 1.5814 region. In terms of the technical levels, the GBP/USD will encounter resistive means at 1.5834, onto 1.5869, and finally 1.5899, calculates the Mataf.net Analyst team.
GBP/USD strategic bias
According to the Technical Analyst Team at ICN.com, “The GBP/USD dropped but remained limited above the previous top at 1.5750. Linear Regression Indicators are still positive supporting the possibility of bringing positivity back. Therefore, we hold on to our expectations of extending positivity supported by the ascending channel, in addition to the positivity of Linear Regression Indicators.”
GBP/USD technical levels
The GBP/USD is presently securing gains of +0.05% above its opening Friday, with the pair now trading at the 1.5814 region. In terms of the technical levels, the GBP/USD will encounter resistive means at 1.5834, onto 1.5869, and finally 1.5899, calculates the Mataf.net Analyst team.