Forex: GBP/USD hovering around 1.5433 since 20 June

on Jun 26, 2013
Listen Wednesday June 26th_: Since 20 June the 1.5433 level has been offering both support and resistance. Yesterday during the Asian and early European sessions the level was supportive, but after it was broken during American trading, the 1.5433 mark became a resistance point. Today the pair tested the level one hour ago and at press time is residing at 1.5417. The 89-hour simple moving average, which is repelling the price so far, is also at 1.5433.

Resistance levels for the day: 1.5470, 1.5495 and 1.5530.
Support levels for today: 1.5420, 1.5390 and 1.5345.
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GBP Forex