Forex: GBP/USD residing at 1.5390

on Jul 26, 2013
Listen Friday July 26th_: Yesterday the daily candle for this currency pair opened at 1.5306 and closed at 1.5378, with the day’s trading range being 1.5262 to 1.5433. So far today the pair has been trading within yesterday’s range, moving between 1.5372 and 1.5405. Right now the quote is in residence at 1.5390.

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Yesterday on the 1H chart, the MACD (9,12,1) formed a convergence, which added bullish pressure and pushed the price to a 25-day high at 1.5433.
If the upwards movement extends, the pair will target the 25 June high of 1.5476.
Resistance levels today: 1.5405, 1.5435 and 1.5455.
Support levels: 1.5375, 1.5320 and 1.5260.


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GBP Forex