3 Jul 2013
GBP/USD wavers after US data
FXstreet.com (Córdoba) - The GBP/USD wavered near daily highs after the latest string of data showed the US private sector added more jobs than expected in June.
GBP/USD fails to overcome 1.5275
GBP/USD initially rose to the 1.5270 zone after the ADP employment report printed a 188K gain in June, against the 160K expected. However, GBP/USD lacked momentum and remained capped by the 1.5275 zone, pulling back to 1.5240 in the wake of disappointing US trade data.
At time of writing, GBP/USD is trading just below highs around 1.5260/70, where it records a 0.8% daily gain, with immediate resistances at 1.5290 (100-day SMA) and 1.5345 (Jun 27 high). On the other hand, supports are now seen at 1.5130 (intraday lows) and 1.5100 (psychological level).
GBP/USD fails to overcome 1.5275
GBP/USD initially rose to the 1.5270 zone after the ADP employment report printed a 188K gain in June, against the 160K expected. However, GBP/USD lacked momentum and remained capped by the 1.5275 zone, pulling back to 1.5240 in the wake of disappointing US trade data.
At time of writing, GBP/USD is trading just below highs around 1.5260/70, where it records a 0.8% daily gain, with immediate resistances at 1.5290 (100-day SMA) and 1.5345 (Jun 27 high). On the other hand, supports are now seen at 1.5130 (intraday lows) and 1.5100 (psychological level).