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29 Mar 2013
Forex: GBP/USD breaches 1.5200
FXstreet.com (Barcelona) - The sterling breached the key 1.5200 handle on Friday after being rejected at 1.5220, falling to the current region of 1.5180/85
Thin trade would be the main characteristic of the session due to Good Friday holiday, although market participants remain cautious about the events from Italy, as P.L.Bersani and G.Napolitano will hold a meeting at 1000GMT.
As of writing, the pair is down 0.03% at 1.5184 facing the next support at 1.5112 (low Mar.28) ahead of 1.5092 (low Mar.27) and finally 1.5090 (low Mar.21).
On the upside, a break above 1.5207 (high Mar.26) would bring 1.5280 (high Mar.25) en route to the psychological level of 1.5300
Thin trade would be the main characteristic of the session due to Good Friday holiday, although market participants remain cautious about the events from Italy, as P.L.Bersani and G.Napolitano will hold a meeting at 1000GMT.
As of writing, the pair is down 0.03% at 1.5184 facing the next support at 1.5112 (low Mar.28) ahead of 1.5092 (low Mar.27) and finally 1.5090 (low Mar.21).
On the upside, a break above 1.5207 (high Mar.26) would bring 1.5280 (high Mar.25) en route to the psychological level of 1.5300