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8 Mar 2013
Forex: GBP/USD remains below 1.4950
After falling from 1.5040 area to the 1.4880, lowest since June 2010, the GBP/USD recovered the 1.4900 ground and it is trading in consolidation mode just below the 1.4950 level. The Cable has recovered about at half retracement of the market reaction to the US data.
Currently the pair is trading at 1.4930, 0.55% below opening price. MACD, CCI and Momentum are bearish while Stockastic is bullish in the 1-hour chart. Next supports are at 1.4900 and 1.4880 ahead of 1.4687.
On the other side, resistances are at 1.4950, 1.4980 and 1.5000.
Currently the pair is trading at 1.4930, 0.55% below opening price. MACD, CCI and Momentum are bearish while Stockastic is bullish in the 1-hour chart. Next supports are at 1.4900 and 1.4880 ahead of 1.4687.
On the other side, resistances are at 1.4950, 1.4980 and 1.5000.