Forex: GBP/USD consolidates around 1.5300

FXstreet.com (San Francisco) - After climbing around 100 pips from the 1.5200 area to break above the 1.5300 frontier and reach the intra-day high at 1.5320, the GBP/USD has been trading in consolidation mode between in 1.5295 and 1.5310.

Currently the pair is trading 0.44% positive on the day at 1.5300. According to the FXstreet.com trend index, the pair is slightly bullish in the 15-minute chart. Indicators such as CCI and Momentum are pointing to the south while the MACD and the Stochastic are neutral.

Above the 1.5310, next resistance is at 1.5320 ahead of 1.5340. On the downside, supports are at 1.5280, 1.5265 and 1.5200.

May 16, 2013

Forex: EUR/GBP hits 9-day low

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