More from FXstreet.com

Forex: GBP/USD up as US dollar falters

By FXstreet.com,  May 25, 2012, 09:46:00 AM EDT

FXstreet.com (Barcelona) - The sterling is trading in the verge of the negative territory on Friday after the open in Wall St., as risk aversion is swelling on Spanish jitters.

After a mixed bag of data in this week, GBP is showing some stubbornness in today's session, decoupling from its European peer, although still trading in March's lows.
The pound would be under pressure along with risky assets in the upcoming sessions, as the euro zone crisis, particularly regarding the political developments in Greece, would undermine any attempt of recovery so far.

At the moment, GBP/USD is up 0.06% at 1.5674, with the next resistance at 1.5735 followed by 1.5805 (MA200d) then 1.5823 (MA10d) and 1.5838 (MA100d).
On the contrary, a breach of 1.5634 (low Mar.15) would bring 1.5621 (low Mar.13) then 1.5604 (MA221d) and 1.5603 (low Mar.12).




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

Referenced Stocks:



Latest News Video

Nasrallah Says Hezbollah Will Bring Victory in Syrian Conflict
Nasrallah Says Hezbollah Will Bring...
Robbie Rogers Returns to Soccer as First Openly Gay Player
Robbie Rogers Returns to Soccer as ...


Sign-in
Existing NASDAQ.com member? Log in here.

By signing into to the site using any of the third-party services above, you agree to NASDAQ.com's Terms of Use.

From Our Trusted News Source





Most Active by Volume:

Company Last Sale Change Net / %
BAC $ 13.24 0.03  0.23%
FB $ 24.32 0.74  2.95%
SIRI $ 3.58 0.04  0.99%
GE $ 23.53 0.13  0.55%
PFE $ 29.04 0.07  0.24%
MSFT $ 34.27 0.12  0.35%
INTC $ 23.93 0.12  0.50%
P $ 16.43 0.73  4.25%