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2 Aug 2013
GBP/USD threatening fresh 2-week lows
FXstreet.com (Barcelona) - The GBP/USD foreign exchange rate is last quoted at 1.5116, down -1.75% for the week so far, threatening to break lower to fresh 2-week lows.
GBP/USD longer term charts suggest lower
According to FX Charts analyst Jim Langlands, “The short term charts are showing some bearish divergence and we could yet get another bounce from here, but the longer term charts suggest that we could eventually head lower towards minor Fibo support at 1.5050, below which would see a test of 1.5000.”
GBP/USD key technical levels
Immediate support to the downside for GBP/USD lies at recent session/2-week lows 1.5108, followed by July 17 lows at 1.5078, while closest resistance shows at current levels as July 31 lows 1.5116, followed by London session lows at 1.5132.
GBP/USD longer term charts suggest lower
According to FX Charts analyst Jim Langlands, “The short term charts are showing some bearish divergence and we could yet get another bounce from here, but the longer term charts suggest that we could eventually head lower towards minor Fibo support at 1.5050, below which would see a test of 1.5000.”
GBP/USD key technical levels
Immediate support to the downside for GBP/USD lies at recent session/2-week lows 1.5108, followed by July 17 lows at 1.5078, while closest resistance shows at current levels as July 31 lows 1.5116, followed by London session lows at 1.5132.