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11 Apr 2013
Forex Flash: GBP/USD with scope for a move to 1.5600 – BBH
FXstreet.com (Córdoba) - The BBH analyst team comments that there is a bullish flag patter unfolding in GBP/USD and today's advance, if sustained, would lend credence to it. "The next immediate resistance is seen near $1.5425, but we continue to hold out the prospects of a move toward $1.56", says BBH.
"For its part, the euro continues to flirt with the 38.2% retracement of the slide from the early February test of $1.37", they comment. "A move above $1.3120 would give the single currency scope for another near-term cent advance".
"For its part, the euro continues to flirt with the 38.2% retracement of the slide from the early February test of $1.37", they comment. "A move above $1.3120 would give the single currency scope for another near-term cent advance".