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2 Apr 2013
Forex: GBP/USD extends decline and tests the 1.5100
FXstreet.com (San Francisco) - The Sterling is currently extending its decline against the greenback and after consolidating between 1.5110 and 1.5120, the GBP/USD is falling further to test the 1.5100 frontier. Currently the pair is trading at 1.5105.
With 0.82% daily losses from opening price, the GBP/USD is slightly bearish according to the FXstreet.com technical studies. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is bullish in the 1-hour chart.
Below the 1.5100 level, next supports are at 1.5090 and 1.5040. On the upside, resistances are at 1.5120, 1.5130 and 1.5180.
With 0.82% daily losses from opening price, the GBP/USD is slightly bearish according to the FXstreet.com technical studies. Indicators such as MACD, CCI and Momentum are bearish while the Stochastic is bullish in the 1-hour chart.
Below the 1.5100 level, next supports are at 1.5090 and 1.5040. On the upside, resistances are at 1.5120, 1.5130 and 1.5180.