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15 Apr 2013
Forex: GBP/USD breaches the 1.5300 handle
FXstreet.com (Barcelona) - The sterling is closing the session in the red territory on Monday, dragged lower after a bout of risk aversion sent the cross to the area of 1.5285/90.
Moving forward to Tuesday’s docket in the British economy, the consumer prices will be in the limelight. Prior surveys expect the CPI to rise 2.8% on a year to March and the Core reading to rise 2.3% YoY. Producer Prices and Retail Prices are also due.
As of writing, the cross is down 0.35% en 1.5290 with the next support at 1.5278 (MA10d) followed by 1.5252 (MA50d) and finally 1.5251 (low Apr.9).
On the other hand, a surpass of 1.5341 (low Apr.12) would target 1.5409 (high Apr.12) en route to 1.5412 (high Apr.11).
Moving forward to Tuesday’s docket in the British economy, the consumer prices will be in the limelight. Prior surveys expect the CPI to rise 2.8% on a year to March and the Core reading to rise 2.3% YoY. Producer Prices and Retail Prices are also due.
As of writing, the cross is down 0.35% en 1.5290 with the next support at 1.5278 (MA10d) followed by 1.5252 (MA50d) and finally 1.5251 (low Apr.9).
On the other hand, a surpass of 1.5341 (low Apr.12) would target 1.5409 (high Apr.12) en route to 1.5412 (high Apr.11).