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Forex: GBP/USD extends recovery to 1.5100

The Cable has continued recovering ground during the American session and it is now approaching the 1.5100 psychological level, after today's decline was contained by the 1.5000 area during the European session.

The GBP/USD has been moving slowly but steadily to the upside, reversing earlier losses, and it is currently trading up 0.4% around 1.5095, having hit a high of 1.5101 in recent dealings.

As for technical levels, immediate resistances could be found at 1.5100, 1.5185 (10-day SMA/high Mar 1) and 1.5200 8psychological level). On the other hand, supports are now seen at 1.5000 (psychological level), 1.4985 (low Mar 1) and 1.4950 (low Jul 12).

Forex: US Dollar Index flat above 82.50

The greenback, measured by the US Dollar Index, is trading almost unchanged on Monday, meandering between 82.30 and 82.50 in response to the lack of direction prevailing in the markets...
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Forex: EUR/USD glued to 1.3000

The shared currency remains trapped around the key level of 1.3000 as we enter the last part of the NA session on Monday, after irrelevant dockets in both the US and Euroland have collaborated in the dullness...
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