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Alert - 16:10 (CET) - GbpUsd
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Minutes away from the US session opening, the equities thrust from the last two days is still high, thanks to the new rescue plan to the credit sector by the Fed - 800 billion dollars.
This way, the demand for safe havens lost ground against high yielders. The Sterling managed to stay at 1.5300 against the Dollar, which was not seen since November 12th, despite showing a little retracement right now.
The GbpUsd is trading at 1.5322 Dollars per Pound. This session, the pair is ranging from 1.4984 to 1.5396. The current price is over yesterday's close at 1.5183. In the hourly graphics, the 20- and 50-day Exponential Mobile Averages (EMA) are under the 200-day EMA.
The supports are set at 1.4748 (June 18th 2002 low), 1.4550 (May 17th, 2002 low) and 1.4332 (April 4th, 2002 low). As the resistances at 1.5000 (key) was broken, the traders are watching the next levels at 1.5483 (November 12th high) and 1.5703 (November 11th high), just in case.
Checking the daily graphics, the current price is over the 23.60% (1.3701) and on the 38.20% (1.5767) Fibonacci retracement lines. The average volatility per hour is 210 pips and the 60-minute Relative Strenght Index (RSI) is at 67 points, near the overbought area.
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