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13 Jun 2013
GBP/USD sideways trading at 1.5669
FXstreet.com (New York) - The GBP/USD foreign exchange has been generally sideways during US trading Thursday, having held onto a narrow consolidation recently.
Presently, the GBP/USD pair is settling at 1.5669, navigating the threshold between positive and negative territory at -0.05% in these moments. Earlier today in the United States, Retail Sales (MoM) have climbed +0.6% in May, beating expectations of +0.4%. Moreover, Initial Jobless Claims (June 7) yielded 334K, against estimates of 345K. Finally, Business Inventories climbed +0.3%, in line with projections.
GBP/USD eyes 1.5685 en route to upside
“The GBP/USD dropped below 1.5685 levels, however we find it now stable above 1.5606 which forces us to keep our intraday positive expectations today. Trading stably above 1.5685 is significant to push the pair to the upside during this session.” notes the Technical Analyst team at ICN.com.
Mataf.net analysts point to the propensity for short-term supports at 1.5639, then 1.5602, and finally 1.5571. On the ascension, resistive measures are found at 1.5707, then 1.5738, and ultimately 1.5775.
Presently, the GBP/USD pair is settling at 1.5669, navigating the threshold between positive and negative territory at -0.05% in these moments. Earlier today in the United States, Retail Sales (MoM) have climbed +0.6% in May, beating expectations of +0.4%. Moreover, Initial Jobless Claims (June 7) yielded 334K, against estimates of 345K. Finally, Business Inventories climbed +0.3%, in line with projections.
GBP/USD eyes 1.5685 en route to upside
“The GBP/USD dropped below 1.5685 levels, however we find it now stable above 1.5606 which forces us to keep our intraday positive expectations today. Trading stably above 1.5685 is significant to push the pair to the upside during this session.” notes the Technical Analyst team at ICN.com.
Mataf.net analysts point to the propensity for short-term supports at 1.5639, then 1.5602, and finally 1.5571. On the ascension, resistive measures are found at 1.5707, then 1.5738, and ultimately 1.5775.