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23 Apr 2013
Forex: GBP/USD rises to session highs
FXstreet.com (Córdoba) - The pound continues to recover ground versus the dollar, encouraged by better appetite for risk, after bouncing from levels sub-1.5200 hit during the European session.
GBP/USD saw a quick slide to 1.5195 but found buyers and managed to trim losses. Having climbed over 80 pips from lows, the pair recently reached a session high of 1.5280 before losing momentum. At time of writing, GBP/SD is trading around 1.5270, still down 0.1% on the day.
As for technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees immediate resistances at 1.5295 and 1.5330, while she locates next supports at 1.5225, 1.5190 and 1.5150.
GBP/USD saw a quick slide to 1.5195 but found buyers and managed to trim losses. Having climbed over 80 pips from lows, the pair recently reached a session high of 1.5280 before losing momentum. At time of writing, GBP/SD is trading around 1.5270, still down 0.1% on the day.
As for technical levels, Valeria Bednarik, chief analyst at FXstreet.com sees immediate resistances at 1.5295 and 1.5330, while she locates next supports at 1.5225, 1.5190 and 1.5150.