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22 Mar 2013
Forex: GBP/USD surrounds 1.5200, supported at 1.5180
FXstreet.com (Barcelona) - The GBP/USD downside is being limited to the 1.5180 zone, and after being pressured there during the London opening, the pair eventually rose back to 1.5200 ground.
While investors keep their ears next to Cyprus headlines, the ECB has just announced a LTRO re-payment of €1.936B by 22 banks on March 27. The economic calendar is empty, so most volatility might come from the sticky situation in Cyprus.
“The bias here remains bullish, for a break through 1.5197 static resistance, en route to 1.5330 target zone”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to initial support at 1.5130 and key zone on the downside at 1.4980.
While investors keep their ears next to Cyprus headlines, the ECB has just announced a LTRO re-payment of €1.936B by 22 banks on March 27. The economic calendar is empty, so most volatility might come from the sticky situation in Cyprus.
“The bias here remains bullish, for a break through 1.5197 static resistance, en route to 1.5330 target zone”, wrote Deltastock.com analyst Stoyan Mihaylov, pointing to initial support at 1.5130 and key zone on the downside at 1.4980.