Market news
21.12.2010, 11:31

GBP/USD probes support

Tech traders highlight the $1.5483 level on GBP/USD, adding that it corresponds to the 76.4% retrace of the mover up from $1.5454 to $1.5577 and seen key for next direction. The rate did ease to $1.5478 Monday, but managed to recover back, edging on to $1.5567 earlier in Europe this morning. Rate found support this morning at $1.5482. Stops noted on a break of $1.5470, which if triggered seen opening a deeper move toward $1.5450 as well as 'confirming' downtrend in place.

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