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15 Feb 2013
Forex: GBP/USD attempts a recovery, around 1.5525
The sterling is consolidating above the key mark at 1.5500 on Friday, leaving behind multi months lows around 1.5475, levels last seen in July-August 2012
Next on tap for the pound would be January Retail Sales, expected to expand 0.8% on a yearly basis and 1.8% excluding the fuel component.
At the moment, the cross is up 0.24% at 1.5532 with the next resistance at 1.5544 (hourly high Feb.14) ahead of 1.5666 (MA10d) and then 1.5690 (high Feb.13).
On the downside, a break below 1.5458 (low Jul.26) would aim for 1.5414 (low Jul.13) and finally 1.5393 (low Jul.12).
Next on tap for the pound would be January Retail Sales, expected to expand 0.8% on a yearly basis and 1.8% excluding the fuel component.
At the moment, the cross is up 0.24% at 1.5532 with the next resistance at 1.5544 (hourly high Feb.14) ahead of 1.5666 (MA10d) and then 1.5690 (high Feb.13).
On the downside, a break below 1.5458 (low Jul.26) would aim for 1.5414 (low Jul.13) and finally 1.5393 (low Jul.12).