Forex: GBP/USD fails at 1.5900 and makes it easier to 1.5830 area

GDP in the third quarter and recovering 1.5650 low on Monday as accelerated above 1, 5750/70 resistance levels increased FXstreet.com (Barcelona) - the pound strongly about the European session, fueled by a larger than expected growth in UK to reach 1.5900 high, where the couple before pulling back to 1.5830 area limited.

Below 1.5830 support area which could pair its correction, Valeria Bednarik, technical analyst at FXstreet.com speed, says: "with indicators both 1 and 4-hour charts, favouring exhausted corrected current bearish movement, still support use around 1.5830;""level find this istunterhalb they expect more downside pressure."

Next levels of support below 1.5830, upside risks are 1.5800 and 1.5770 according to Bednarik.Mit tainted are resistance levels 1.5880, 1.5920 and 1.5960.

GBP/USD

Forex: GBP/USD above 1.5770 approaching 1.5800

FXstreet.com (Barcelona) - the pound builds momentum before the European session opening and the couple has 1.5770 above - yesterday's high and weekly pivot point - expand your recovery from 1.5650 support area, expressed so far to reach 1.5790 high.

If the pair managed above 1.57790 (October 25 high), next resistance levels could confirm 1.5830 (daily pivot point R2) and 1.5880 (Oct 20 high) .look of the flip side, levels of support to the 1.5685 / 90 (October 21 low/session low), and down here 1.5650 (October 22/22/25 low) and 1.5610 (daily pivot point S2).

GBP/JPY area on mid-September added decline from 135.00 yesterday a fresh 20 month low on the 126.45, and have adopted to achieve the above 127.00, 127.50 high before the European meeting on Asian session.

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