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25 Jun 2013
GBP/USD falls to test 1.5400 after housing and confidence numbers
FXstreet.com (San Francisco) - The Sterling has reacted to the downside against the US dollar following the upbeat housing and consumer confidence data in the United States. In the latest few minutes, the GBP/USD declined 50 pips from 1.5450 to test the 1.5400 area.
Currently the pair is trading around 1.5415, 0.12% down on the day. Short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bullish.
Below the 1.5400 area, next supports are at 1.5380/90, and 1.5345. On the upside, next resistances are at 1.5450, 1.5475 and 1.5530.
Currently the pair is trading around 1.5415, 0.12% down on the day. Short term perspective is slightly bearish in the 15-minute chart according to the FXstreet.com trend index. Indicators such as MACD, CCI and Momentum are pointing to the north while the Stochastic is bullish.
Below the 1.5400 area, next supports are at 1.5380/90, and 1.5345. On the upside, next resistances are at 1.5450, 1.5475 and 1.5530.