FX.co ★ GBP/USD - strong resistance 1.5280 - for March 15, 2013 (daily strategy)

The British pound is making a strong uptrend after a strong rally, which had no fundamentals from macro reports. This movement resembled a speculative movement that sought to take profits from the big drop suffered by the British currency in the days before. Now it is probably that the pair has a correction to the 1.5050 level. There the 50 day moving average stands. On the other hand, the level of 1.5280 is located as a strong resistance to pressure down the pair. Thus, at current price levels, if you have already a buy order, you can keep up the level of 1.5280.

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