GBP/USD flat for the week above 1.51

FXstreet.com (Barcelona) - The GBP/USD foreign exchange rate is last trading at 1.5114, off recent session lows at 1.5107, printed on the back of broad USD recovery, ahead of UK job figures and BoE minutes at 08:30 GMT.

GBP/USD slightly bullish while above 1.51

"The GBP/USD found support late in the US afternoon, finally overcome the static resistance area around 1.5130 although showing not much follow through,” said Valeria Bednarik, Chief Analyst at Fxstreet.com, adding: “In the 4 hours chart a slightly bullish tone is also present, supporting an upward continuation as long as price holds above 1.5100.”

GBP/USD key technical levels

Bednarik finds support levels at: 15130, 1.5090 and 1.5050, while resistance levels at: 1.5165, 1.5190 and 1.5220.

Jul 17, 2013

Flash: EUR/AUD should extend to 1.38/36 - Westpac

The overtretched rally in EUR/AUD may soon be running out of steam, notes Sean Callow, FX Strategist at Westpac: "A dovish ECB should help AUD extend its recent gains versus EUR, towards 1.3800/20, perhaps even the high 1.35-1.36, but by early August, the RBA rate cut we expect should hurt AUD once more, threatening a return to the 1.43 area, especially if the ECB takes its time to agree on fresh easing measures."

AUD/USD keeps intra-day bullish bias, 0.9315/30 critical

Ahead of the European session, the AUD/USD exchange rate has come to test levels near Asian lows at 0.9220 following a twin topside failure ahead of 0.9240.