3 Feb 2015
GBP/USD in narrow range near 1.5020
FXStreet (Edinburgh) - The sterling is transiting an even session vs. the greenback on Tuesday, relegating GBP/USD to the low-1.5000s.
GBP/USD keeps 1.50 ahead of data
The pair is following the erratic mood in the risk-associated space during the first half of the week, at least managing to keep the trade above the 1.5000 handle so far. Data wise in the UK economy, house prices tracked by Halifax are due later followed by the Construction PMI, with consensus expecting a drop to 57.0 during January from 57.6 previous. Across the pond, US Factory Orders will set the pace from the USD-side of the equation.
GBP/USD key levels
The pair is now up 0.01% at 1.5023 with the next resistance at 1.5100 (psychological level) ahead of 1.5141 (21-d MA) and then 1.5161 (high Jan.29). On the downside, a breach of 15018 (low Jan.29) would open the door to 1.4972 (low Jan.26) and then 1.4952 (low Jan.23).
GBP/USD keeps 1.50 ahead of data
The pair is following the erratic mood in the risk-associated space during the first half of the week, at least managing to keep the trade above the 1.5000 handle so far. Data wise in the UK economy, house prices tracked by Halifax are due later followed by the Construction PMI, with consensus expecting a drop to 57.0 during January from 57.6 previous. Across the pond, US Factory Orders will set the pace from the USD-side of the equation.
GBP/USD key levels
The pair is now up 0.01% at 1.5023 with the next resistance at 1.5100 (psychological level) ahead of 1.5141 (21-d MA) and then 1.5161 (high Jan.29). On the downside, a breach of 15018 (low Jan.29) would open the door to 1.4972 (low Jan.26) and then 1.4952 (low Jan.23).