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5 Apr 2013
Forex: GBP/USD above 1.5200 ahead of UK data
FXstreet.com (Barcelona) - The sterling is posting marginal losses on Friday, following its European counterpart as markets are slightly biased towards the risk-off mode.
Ahead in the day, house prices gauged by the Halifax index are due, followed by a speech by MPC Dale, although the most relevant event will be the US NFP due in the European midday.
GBP/USD is now losing 0.07% at 1.5222 facing the next support at 1.5026 (low Mar.20) followed by 1.5003 (61.8% of 1.4832-1.5280) and finally 1.4965 (low Mar.7).
On the flip side, a breakout of 1.5259 (high Apr.2) would expose 1.5280 (high Mar.25) and then 1.5330 (high Feb.22).
Ahead in the day, house prices gauged by the Halifax index are due, followed by a speech by MPC Dale, although the most relevant event will be the US NFP due in the European midday.
GBP/USD is now losing 0.07% at 1.5222 facing the next support at 1.5026 (low Mar.20) followed by 1.5003 (61.8% of 1.4832-1.5280) and finally 1.4965 (low Mar.7).
On the flip side, a breakout of 1.5259 (high Apr.2) would expose 1.5280 (high Mar.25) and then 1.5330 (high Feb.22).