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14 Mar 2013
Forex: GBP/USD keeps pushing higher, eyes on 1.5100
Buying interest plus the triggering of stop-orders are pushing the sterling to the boundaries of the ley level at 1.5100 on Thursday, as the risk appetite is spiraling among traders.
Fanning the flames, the sell-off in the USD is intensifying at the same time, fuelling the upside.
At the moment, the cross is up 1.11% at 1.5087 with the next resistance at 1.5148 (MA21d) ahead of 1.5156 (high Mar.6).
On the flip side, a breach of 1.4892 (low Mar.13) would expose 1.4832 (low Mar.12).
Fanning the flames, the sell-off in the USD is intensifying at the same time, fuelling the upside.
At the moment, the cross is up 1.11% at 1.5087 with the next resistance at 1.5148 (MA21d) ahead of 1.5156 (high Mar.6).
On the flip side, a breach of 1.4892 (low Mar.13) would expose 1.4832 (low Mar.12).