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24 Apr 2013
Forex: GBP/USD dips and bounces after US durable goods data
FXstreet.com (Córdoba) - The British pound briefly fell to the 1.5250 area versus the greenback after data showed US durable goods orders fell much more than expected in March.
However, following the knee-jerk reaction, GBP/USD bounced back to pre-data levels. At time of writing, GBP/USD is trading at the 1.5265/70 zone, where it posts a 0.2% gain on the day.
As for technical levels, on the downside next supports could be found at 1.5250, 1.5225 (intraday level) and 1.5200 (psychological level). On the upside, resistances are seen at 1.5290 (10-day SMA), 1.5300 (psychological level) and 1.5365 (high Apr 19).
However, following the knee-jerk reaction, GBP/USD bounced back to pre-data levels. At time of writing, GBP/USD is trading at the 1.5265/70 zone, where it posts a 0.2% gain on the day.
As for technical levels, on the downside next supports could be found at 1.5250, 1.5225 (intraday level) and 1.5200 (psychological level). On the upside, resistances are seen at 1.5290 (10-day SMA), 1.5300 (psychological level) and 1.5365 (high Apr 19).