30 Jul 2013
GBP/USD crashes towards support
FXstreet.com (New York) - The GBP/USD technical pair turned lower Tuesday, crumbling towards fresh session lows and touching support during US trading.
In the United States, Consumer Confidence (July) was reported at 80.3, against expectations of 81.5.
GBP/USD strategic bias
Technically speaking, the GBP/USD is now operating at 1.5280, incurring a loss of -0.39% during US trading. The Danske Research Team calculates short-term supports for the GBP/USD at 1.5285, ahead of 1.5264, and 1.5222.
According to the Technical Analyst Team at ICN.com, “The GBP/USD is showing a negative bias and Linear Regression Indicators supports the downside move. Till now, we should hold on to our positive expectations as the pair is stable above 50% correction at 1.5280 and Stochastic is trying to move from the oversold areas to the upside.
In the United States, Consumer Confidence (July) was reported at 80.3, against expectations of 81.5.
GBP/USD strategic bias
Technically speaking, the GBP/USD is now operating at 1.5280, incurring a loss of -0.39% during US trading. The Danske Research Team calculates short-term supports for the GBP/USD at 1.5285, ahead of 1.5264, and 1.5222.
According to the Technical Analyst Team at ICN.com, “The GBP/USD is showing a negative bias and Linear Regression Indicators supports the downside move. Till now, we should hold on to our positive expectations as the pair is stable above 50% correction at 1.5280 and Stochastic is trying to move from the oversold areas to the upside.