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16 Aug 2013
GBP/USD rises for second week in a row
FXstreet.com (Córdoba) - The GBP/USD is poised to close the second consecutive week with gains, trading just a few pips below its 2-month peak scored earlier.
GBP/USD settles near 2-month high
GBP/USD climbed more than 230 pips within the last 3 days and peaked at 1.5656 during today’s NY session. Minutes ahead of the trading week, GBP/USD is quoting around 1.5630, virtually unchanged on the day but 0.9% above its Monday’s opening price.
GBP/USD perspectives
From a technical perspective, Anna Couling, analyst at Hawkeye notes that having broken above 1.5600, the Cable is now preparing to test 1.5746. However, according to Ilian Yotov, this is as far as GBP/USD could go. “The GBP/USD exchange rate will probably continue to fluctuate within the current $1.48 to $1.5750 range for the remainder of the year”.
GBP/USD settles near 2-month high
GBP/USD climbed more than 230 pips within the last 3 days and peaked at 1.5656 during today’s NY session. Minutes ahead of the trading week, GBP/USD is quoting around 1.5630, virtually unchanged on the day but 0.9% above its Monday’s opening price.
GBP/USD perspectives
From a technical perspective, Anna Couling, analyst at Hawkeye notes that having broken above 1.5600, the Cable is now preparing to test 1.5746. However, according to Ilian Yotov, this is as far as GBP/USD could go. “The GBP/USD exchange rate will probably continue to fluctuate within the current $1.48 to $1.5750 range for the remainder of the year”.