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5 Mar 2013
Forex: GBP/USD trades flat above 1.5100
After being rejected by the 1.5200 area, GBP/USD retraced intraday gains and even printed a fresh low of 1.5093, weighed by better-than expected US services-sector ISM. Being unable to define a fresh direction, GBP/USD was confined to a consolidation phase that has extended over the last hours.
At time of writing, GBP/USD is trading at the 1.5115 zone, virtually unchanged since opening. As for technical levels, if the cross manages to overcome the 1.5195/1.5200 area, next resistances are seen at 1.5220 (high Feb 28) and 1.5300 (psychological level). On the other hand, supports could be faced at 1.5105 (intraday low), 1.5050 and 1.5000.
At time of writing, GBP/USD is trading at the 1.5115 zone, virtually unchanged since opening. As for technical levels, if the cross manages to overcome the 1.5195/1.5200 area, next resistances are seen at 1.5220 (high Feb 28) and 1.5300 (psychological level). On the other hand, supports could be faced at 1.5105 (intraday low), 1.5050 and 1.5000.