26 May 2015
GBP/USD toying with 1.5400
FXStreet (Edinburgh) - The offered tone remains well and sound around the sterling and the risk-associated assets in general today, with GBP/USD now gyrating around 1.5400 the figure.
GBP/USD bounced of 1.5360
After dipping to fresh 3-week lows near 1.5360, the pair staged some sort of comeback, although the recovery run out of legs around the 1.5400 handle, all amidst a growing sentiment towards the greenback.
Nothing really worth noting in the UK docket so far, although Thursday should be interesting for GBP traders, as housing prices gauged by Nationwide, Gfk’s Consumer Confidence and the preliminary print for the UK GDP during the first quarter are all due.
GBP/USD significant levels
At the moment the pair is retreating 0.44% at 1.5401 and a breach of 1.5354 (low May 26) would target 1.5300 (psychological level) and finally 1.5260 (76.4% of 1.5088-1.5815). On the flip side, the initial up barrier aligns at 1.5508 (high May 25) followed by 1.5567 (200-d MA) and then 1.5700 (high May 21).
GBP/USD bounced of 1.5360
After dipping to fresh 3-week lows near 1.5360, the pair staged some sort of comeback, although the recovery run out of legs around the 1.5400 handle, all amidst a growing sentiment towards the greenback.
Nothing really worth noting in the UK docket so far, although Thursday should be interesting for GBP traders, as housing prices gauged by Nationwide, Gfk’s Consumer Confidence and the preliminary print for the UK GDP during the first quarter are all due.
GBP/USD significant levels
At the moment the pair is retreating 0.44% at 1.5401 and a breach of 1.5354 (low May 26) would target 1.5300 (psychological level) and finally 1.5260 (76.4% of 1.5088-1.5815). On the flip side, the initial up barrier aligns at 1.5508 (high May 25) followed by 1.5567 (200-d MA) and then 1.5700 (high May 21).