Fri, 09 Apr 2010 01:16:00 +0200

GBP/USD still capped under 1.5300

FXstreet.com (Buenos Aires) – GBP/USD Current price: 1.5275. For third day in a row, pair managed to trigger a strong bounce from 1.5130 lows area, and close above 1.5250 resistance, now support area. Long downside shadows in the daily chart suggest buyers are strong around that area, while pair remains capped by strong 1.5280/1.5300 resistance area.

“Still in range, hourly charts show indicators losing previous session bullish strength suggesting another consolidative stage ahead of next movement,” said Valeria Bednarik, collaborator at FXstreet.com.

Support levels: 1.5250 1.5210 1.5160. Resistance levels: 1.5290 1.5335 1.5380.

Technical Analysis (2010-04-08 23:08 GMT)
GBP/USD 1.52784/1.52814 - O: 1.5279 H: 1.5283 L: 1.5274 C: 1.52784
Trend	R3: 1.5360
	R2: 1.5322
	R1: 1.5284
	S1: 1.5199
	S2: 1.5238
	S3: 1.5276