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Forex: GBP/USD in session lows around 1.6150

By FXstreet.com,  January 03, 2013, 07:37:00 AM EDT

FXstreet.com (Barcelona) - The sterling has breached the 1.6150 level on Thursday, dragged by the increased risk aversion sparked yesterday after the tops in the proximities of the psychological level at 1.6400

In the data space, the UK Construction PMI fell to 48.7 during December from 49.3, following the contraction in the house prices gauged by the Nationwide index.

The cross is now retreating 0.61% at 1.6155 and a dip below 1.6067 (low Dec.27) would aim to 1.6062 (MA55d) and finally 1.5999 (low Dec.10).
On the opposite side, resistance levels are located at 1.6255 (high Jan.3) ahead of 1.6300 (Upper Bollinger) and 1.6380 (high Jan.2).




The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.


This article appears in: Investing, Forex and Currencies

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