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19 Apr 2013
Forex: GBP/USD in highs above 1.5300
FXstreet.com (Barcelona) - The sterling is posting session highs in the area of 1.5325/30 on Friday, following the prevailing risk trends in the absence of UK events/results.
After dipping to the area of 1.5215/20 during the week, the pound picked up pace and left behind the poor employment results and softer retail sales in the UK, regaining the boundaries of the key level at 1.5300.
As of writing, the pair is advancing 0.29% at 1.5324 facing the next hurdle at 1.5361 (high Apr.17) followed by 1.5386 (high Apr.15).
On the flip side, a breakdown of 1.5249 (MA21d) would expose 1.5218 (low Apr.18) and finally 1.5217 (low Apr.17).
After dipping to the area of 1.5215/20 during the week, the pound picked up pace and left behind the poor employment results and softer retail sales in the UK, regaining the boundaries of the key level at 1.5300.
As of writing, the pair is advancing 0.29% at 1.5324 facing the next hurdle at 1.5361 (high Apr.17) followed by 1.5386 (high Apr.15).
On the flip side, a breakdown of 1.5249 (MA21d) would expose 1.5218 (low Apr.18) and finally 1.5217 (low Apr.17).