Tuesday, August 10, 2010

GBP/USD rebounds from 1.5765 over Asia


Forex Special (Córdoba) - The Asian session has seen a new leg down in GBP/USD after the post FOMC rally. The Cable lost over 90 pips on a disappointing consumer confidence report and comments from the BOE's governor admitting that his inflation forecasts for next year, made just three months ago, were wrong.


GBP/USD slipped and posted an intra session low at 1.5765; however, the pair found support at that low and bounced, recovering near 45 pips. 

Currently the Sterling trades at the 1.5810 zone, 0.24% below its Wednesday opening price ahead of the UK's inflation report later today.

GBP/USD (Aug 11 at 06:31 GMT)

1.5779/81 (-0.45%)

H 1.58655 L 1.5767

S3S2S1R1R2R3
1.57301.57691.58091.58171.58571.5896
[?]Trend Index[?]OB/OS Index
Strongly BullishNeutral
Data updated on Aug 11 at 06:00 (15-minute timeframe)


[ View GBP/USD Technical Studies ]

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