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28 Mar 2013
Forex: GBP/USD spiked to 1.5170
FXstreet.com (Barcelona) - The sterling attempted to follow through 1.5170 after Nationwide Housing Prices came in flat on a monthly basis in March and advanced 0.8% YoY, both prints below the median at 0.2% and 0.9%, respectively.
Second –tier docket in the UK today would leave the pound at the mercy of the events in Cyprus, as the BoE Credit Conditions Survey and the Index of Services are due later.
GBP/USD is now advancing 0.16% at 1.5152 with the next resistance at 1.5207 (high Mar.26) followed by 1.5280 (high Mar.25) and finally the psychological mark of 1.5300
On the flip side, a breakdown of 1.5090 (low Mar.21) would expose 1.5080 (MA21d) and then 1.5026 (low Mar.20).
Second –tier docket in the UK today would leave the pound at the mercy of the events in Cyprus, as the BoE Credit Conditions Survey and the Index of Services are due later.
GBP/USD is now advancing 0.16% at 1.5152 with the next resistance at 1.5207 (high Mar.26) followed by 1.5280 (high Mar.25) and finally the psychological mark of 1.5300
On the flip side, a breakdown of 1.5090 (low Mar.21) would expose 1.5080 (MA21d) and then 1.5026 (low Mar.20).