Forex: GBP/USD – 1.5000 untouched so far

on Jul 9, 2013
Listen Tuesday July 09th_: Yesterday the pair gained 0.75 percent in defiance of the current bearish sentiment and today has been rising further, hitting the 1.4975 level from which there has since been a rebound. At press time the pair is quoting at 1.4955 and 1.5000 is not looking threatened.

The bullishly-positioned MACD (9,12,1) convergence has been forcing the price to go higher since yesterday.
If the upwards movement extends, the trend may be contained by the 1.5007 (29 May low) and 1.5128 (3 July low) levels.
Today’s resistance levels: 1.4970, 1.4990 and 1.5055.
Support levels today: 1.4920, 1.4860 and 1.4820.