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19 Apr 2013
Forex: GBP/USD consolidates London morning gains, at 1.5350
FXstreet.com (Barcelona) - The GBP/USD is consolidating its London morning gains up to 1.5368 high, with the 1.5350 line keeping bulls in control, with +0.47% gains on the day.
The UK has nothing on the economic calendar today, neither has the US. The market is quiet and eyes headlines coming from the G20/IMF meeting.
"Although the intraday bias is positive above 1.5270 there is still a risk of one more downswing to 1.5180-5200 before breaking beyond 1.5378 high, en route to 1.5507 resistance area", wrote Deltastock.com analyst Stoyan Mihaylov.
The UK has nothing on the economic calendar today, neither has the US. The market is quiet and eyes headlines coming from the G20/IMF meeting.
"Although the intraday bias is positive above 1.5270 there is still a risk of one more downswing to 1.5180-5200 before breaking beyond 1.5378 high, en route to 1.5507 resistance area", wrote Deltastock.com analyst Stoyan Mihaylov.