GBP/USD – Eases Back Below Key 1.52 Level | Forex Factory

  • GBP/USD – Eases Back Below Key 1.52 Level

    From oanda.com

    The GBP/USD has been dealing with a short term resistance level at 1.5250 over the last day or so which has eventually worn it down and seen it ease off a little back down below 1.52. For the last half day or so, the GBP/USD has been consolidating within a narrow trading range roughly between 1.5170 and 1.5180, which is where it presently sits. The GBP/USD started this week off on the right foot by continuing to push higher and sustain its clear break from the consolidation area around 1.51, and in doing so, it moved to around 1.5260 and a four week high. After spending most of last week moving very little and ... (full story)

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Ill-b-back
Mar 25, 2013 11:09pm
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Break and close above 1.52 and medium term downtrend over.
Until it reaches 1.54-55 area
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Ill-b-back
Mar 25, 2013 11:10pm
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1.52 is not key resistance, give me a break...
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sidhujag
Mar 25, 2013 11:51pm
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it is now r
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piptastic
Mar 26, 2013 12:22am
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Gbp/usd does not look like an uptrend to me at all
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pipsin20s
Mar 25, 2013 11:11pm
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Although Pound looks very weak and will go down to 1.35 and may be bellow in the next 8 to 10 months
But for now there should be a retrace up to 1.54+in the coming one or two weeks
Good luck
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eddiefx
Mar 25, 2013 11:26pm
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up up up GBPUSD...
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akramo
Mar 26, 2013 12:38am
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It will be dragged down by GBP/JPY when it starts to fall
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eddiefx
Mar 26, 2013 1:10am
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I can see a divergence trade, a weakness in the downtrend...
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