The GBP/USD pair broke through its support on Friday as European currencies suffered on upcoming Greek elections. The pair touched the 1.4950 level when it bounced up. On Monday, despite the further depreciation of Euro, the pair slightly recovered the previous losses. The GBP/USD is currently traded around 1.5030 level with slight positive momentum. We might see some price correction up through today’s trading hours as no important data is coming out. The movement is slightly bullish. The support line is found at 1.4950 and resistance line at 1.5060.
January 26, 2015 – Forex News
The GBP/USD pair broke through its support on Friday as European currencies suffered on upcoming Greek elections. The pair touched the 1.4950 level when it bounced up. On Monday, despite the further depreciation of Euro, the pair slightly recovered the previous losses. The GBP/USD is currently traded around 1.5030 level with slight positive momentum. We might see some price correction up through today’s trading hours as no important data is coming out. The movement is slightly bullish. The support line is found at 1.4950 and resistance line at 1.5060.
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