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5 Aug 2013
GBP/USD capped by 1.5355 resistance
FXstreet.com (New York) - The GBP/USD foreign exchange rate has been held by resistance this afternoon during US trading, unable to breakout and sustain a push much higher than its present levels.
GBP/USD event risk
The GBP/USD faces a busy week ahead, with the UK Manufacturing and Industrial production slated for release tomorrow, coupled with the NIESR GDP estimate. In addition, Wednesday will be dominated by the BoE Quarterly Inflation report and Mark Carneys address to Parliament.
GBP/USD technical levels
Technically speaking, the GBP/USD is now trading at 1.5355, securing an advance of +0.41% above its opening. Should the pair sail higher, resistances will hold the GBP/USD in check at 1.5353, onto 1.5364, and 1.5416, notes the Danske Research Team.
GBP/USD event risk
The GBP/USD faces a busy week ahead, with the UK Manufacturing and Industrial production slated for release tomorrow, coupled with the NIESR GDP estimate. In addition, Wednesday will be dominated by the BoE Quarterly Inflation report and Mark Carneys address to Parliament.
GBP/USD technical levels
Technically speaking, the GBP/USD is now trading at 1.5355, securing an advance of +0.41% above its opening. Should the pair sail higher, resistances will hold the GBP/USD in check at 1.5353, onto 1.5364, and 1.5416, notes the Danske Research Team.