March 9, 2015
Article by fxtimes.com
The GBPUSD rose nearly 100 pips on Monday, as short-covering and profit-taking lifted Sterling after last week’s heavy losses. The upside is seen as limited, as the bears continue to steer the direction of the GBPUSD amid growing speculation the United States Federal Reserve will be the first major central bank to begin lifting interest rates later this year.
The GBPUSD consolidated at 1.5126, as the RSI gained upward strength. Initial support is located at 1.4913 and resistance at 1.5281.
Article by fxtimes.com
