Forex: GBP/USD at three-week low

on Jun 27, 2013
Listen Thursday June 27th_: A drop of 0.91 percent yesterday saw the pair close at 1.5316. The low of the day had earlier been established at 1.5296, which proved to be a three-week low.

Yesterday also saw a break in the support area between 1.5345 to 1.5375Today’s Asian trading is seeking to test that zone, now a resistance area, with the price currently at 1.5310.
If bearish sentiment prevails, the levels of 1.5272, 1.5230 and 1.5140 may become obstacles and bring support on the way towards 1.5000 psychological.
Resistance levels: 1.5470, 1.5495 and 1.5530.

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