28 Apr 2015
GBP/USD firmer, closer to 1.5300
FXStreet (Edinburgh) - The sterling keeps pushing higher on Tuesday, now lifting GBP/USD to test the 1.5280 area.
GBP/USD bounced off 1.5170
The knee-jerk post-UK GDP figures has proven to be ephemeral, as the risk-on trade continued to gather traction during the European morning, sending spot to levels last seen in early March around 1.5280. It is worth noting that the UK economy expanded less than expected during the first quarter 0.3% QoQ and 2.4% YoY.
In the meantime, rumours pointing to a sustainable progress in the Greece-EU debt talks continues to feed the upbeat sentiment surrounding the risk appetite, collaborating with the pair’s upside.
GBP/USD levels to watch
As of writing the pair is gaining 0.26% at 1.5279 with the next hurdle at 1.5300 (psychological level) ahead of 1.5321 (76.4% of 1.5554-1.4567) and finally 1.5375 (high Mar.4). On the other hand, a breakdown of 1.5176 (low Apr.28) would open the door to 1.5095 (daily cloud top) and finally 1.5052 (55-d MA).
GBP/USD bounced off 1.5170
The knee-jerk post-UK GDP figures has proven to be ephemeral, as the risk-on trade continued to gather traction during the European morning, sending spot to levels last seen in early March around 1.5280. It is worth noting that the UK economy expanded less than expected during the first quarter 0.3% QoQ and 2.4% YoY.
In the meantime, rumours pointing to a sustainable progress in the Greece-EU debt talks continues to feed the upbeat sentiment surrounding the risk appetite, collaborating with the pair’s upside.
GBP/USD levels to watch
As of writing the pair is gaining 0.26% at 1.5279 with the next hurdle at 1.5300 (psychological level) ahead of 1.5321 (76.4% of 1.5554-1.4567) and finally 1.5375 (high Mar.4). On the other hand, a breakdown of 1.5176 (low Apr.28) would open the door to 1.5095 (daily cloud top) and finally 1.5052 (55-d MA).