28 Apr 2015
GBP/USD advances near 1.5250
FXStreet (Edinburgh) - The starling is extending its weekly upside vs. the US dollar, now lifting GBP/USD to the 1.5250 neighborhood.
GBP/USD attention to UK GDP
The pair is navigating multi-week tops in the mid-1.5200s, levels last seen in early March, bolstered by a softer tone in the US dollar and ignoring so far elections-related jitters.
Ahead in the session, the first revision of the UK GDP is due, with consensus expecting the economy to have expanded 0.5% inter-quarter and 2.6% on a yearly basis. Further releases in the UK expect the Index of Services to come at 0.7% in the three months ended in February.
GBP/USD levels to watch
As of writing the pair is up 0.01% at 1.5238 with the next up barrier at 1.5263 (high Apr.27) followed by 1.5270 (high Mar.5) and then 1.5321 (76.4% of 1.5554-1.4567). On the flip side, a breach of 1.5177 (100-d MA) would open the door to 1.5095 (daily cloud top) and finally 1.5052 (55-d MA).
GBP/USD attention to UK GDP
The pair is navigating multi-week tops in the mid-1.5200s, levels last seen in early March, bolstered by a softer tone in the US dollar and ignoring so far elections-related jitters.
Ahead in the session, the first revision of the UK GDP is due, with consensus expecting the economy to have expanded 0.5% inter-quarter and 2.6% on a yearly basis. Further releases in the UK expect the Index of Services to come at 0.7% in the three months ended in February.
GBP/USD levels to watch
As of writing the pair is up 0.01% at 1.5238 with the next up barrier at 1.5263 (high Apr.27) followed by 1.5270 (high Mar.5) and then 1.5321 (76.4% of 1.5554-1.4567). On the flip side, a breach of 1.5177 (100-d MA) would open the door to 1.5095 (daily cloud top) and finally 1.5052 (55-d MA).