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9 Apr 2013
Forex: GBP/USD around 1.5260/65 ahead of UK data
FXstreet.com (Barcelona) - The sterling is flat-lining in the vicinity of 1.5260/65 on Tuesday, ahead of UK balance figures, industrial and manufacturing production. Prior surveys expect the industrial sector in the British economy to improve from January grim figures while the trade deficit is expected to widen to £8.55 billion.
As of writing, the cross is up 0.07% at 1.5266 with the next resistance at 1.5364 (high Apr.5) followed by 1.5426 (38.2% of Jan-Mar decline) and finally 1.5452 (high Feb.20).
On the flip side, a breakdown of 1.5204 (MA10d) would expose 1.5199 (low Apr.5) and then 1.5137 (MA21d).
As of writing, the cross is up 0.07% at 1.5266 with the next resistance at 1.5364 (high Apr.5) followed by 1.5426 (38.2% of Jan-Mar decline) and finally 1.5452 (high Feb.20).
On the flip side, a breakdown of 1.5204 (MA10d) would expose 1.5199 (low Apr.5) and then 1.5137 (MA21d).