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9 Apr 2013
Forex: GBP/USD testing 1.5300 level
FXstreet.com (Barcelona) - The GBP/USD has jumped to fresh highs Tuesday, on the heels of mixed economic data out of the UK. The cross is presently testing the 1.5300 level in these moments, recording an advance of nearly +0.25%.
In the United Kingdom, Goods Trade Balance (February) came in at £-9.416B, against estimates of just £8.550B. Moreover, Industrial Production (YoY) has fallen only -2.2% in February, vs. a projected -2.8%. Finally, Manufacturing Production (YoY) contracted -1.4% in February, beating a consensus of -1.5%.
Mataf.net analysts points to short-term supports at 1.5329, onto 1.5389, and 1.5434. On the decline, the GBP/USD is slated to face short-term support at 1.5224, ahead of 1.5179, and finally the 1.5119 handle.
In the United Kingdom, Goods Trade Balance (February) came in at £-9.416B, against estimates of just £8.550B. Moreover, Industrial Production (YoY) has fallen only -2.2% in February, vs. a projected -2.8%. Finally, Manufacturing Production (YoY) contracted -1.4% in February, beating a consensus of -1.5%.
Mataf.net analysts points to short-term supports at 1.5329, onto 1.5389, and 1.5434. On the decline, the GBP/USD is slated to face short-term support at 1.5224, ahead of 1.5179, and finally the 1.5119 handle.