FX.co ★ GBP/USD - Sell below 1.5283 - for July 17, 2013 (daily strategy)

The pound sterling had an upward movement on all fronts because the BoE unanimous vote to maintain unchanged interest rates and bond purchase plan, as it has happened in recent months. This data gave strong upward movement; the pound is located below the 1.5283 weekly resistance. Given that this area is very strong and the markets are awaiting Bernanke's speech, if the price of the pair approaches these levels, we recommend sell below 1.5283 with targets at 1.5048, because it is showing overbought levels.

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