• GBP/USD under pressure

Market news

13 May 2011

GBP/USD under pressure

GBP/USD exposed bids between $1.6235/15 and triggered stops below $1.6230. Rate printed low at $1.6210 before bouncing back to $1.6230. Demand said to remain in place around the $1.6215/10 area, more toward $1.6200 ahead of stronger area between $1.6170/50. Resistance remains at $1.6290/00.

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