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16 Apr 2013
Forex: GBP/USD eyes 1.5360 as risk accelerates
FXstreet.com (Barcelona) - The sterling is posting fresh highs in vicinity of 1.5360 on Tuesday, as the risk appetite is intensifying amongst investors. The pound is following the broader risk trends and is consolidating gains above the 1.5300 figure, retracing yesterday losses.
“Tomorrow’s BoE minutes are the main UK event for the week though, where focus will be on the sensitivity of the MPC decision on further asset purchases”, remarked S.Osborne and G.Moore, Strategists at TD Securities.
The cross is now advancing 0.47% at 1.5355 facing the next resistance at 1.5386 (high Apr.5) followed by 1.5409 (high Apr.12) and then 1.5412 (high Apr.11).
On the flip side, a breakdown of 1.5273 (low Apr.15) would bring 1.5251 (low Apr.9) and finally 1.5239 (low Apr.8).
“Tomorrow’s BoE minutes are the main UK event for the week though, where focus will be on the sensitivity of the MPC decision on further asset purchases”, remarked S.Osborne and G.Moore, Strategists at TD Securities.
The cross is now advancing 0.47% at 1.5355 facing the next resistance at 1.5386 (high Apr.5) followed by 1.5409 (high Apr.12) and then 1.5412 (high Apr.11).
On the flip side, a breakdown of 1.5273 (low Apr.15) would bring 1.5251 (low Apr.9) and finally 1.5239 (low Apr.8).