30 Apr 2015
GBP/USD falls to daily lows weighed by US data
FXStreet (Córdoba) - GBP/USD precipitated to fresh daily lows as the greenback strengthened and recovered ground underpinned by better-than-expected US jobless claims data.
The number of people who applied for US unemployment benefits dropped to 262,000 in the week ending April 25, posting its lowest level in 15 years. GBP/USD fell more than 70 pips and printed a daily low of 1.5343.
At time of writing, Cable is trading at 1.5367, 0.44% below its opening price, having retreated from a peak of 1.5491 scored earlier on the day.
GBP/USD levels to watch
In terms of technical levels, immediate supports are seen at 1.5343 (daily low), 1.5330 (Apr 29 low) and 1.5288 (100-hour SMA). On the flip side, resistances could be found at the 1.5497/1.5500 area (Apr 29 high/psychological level) and 1.5551 (Feb 26 high).
The number of people who applied for US unemployment benefits dropped to 262,000 in the week ending April 25, posting its lowest level in 15 years. GBP/USD fell more than 70 pips and printed a daily low of 1.5343.
At time of writing, Cable is trading at 1.5367, 0.44% below its opening price, having retreated from a peak of 1.5491 scored earlier on the day.
GBP/USD levels to watch
In terms of technical levels, immediate supports are seen at 1.5343 (daily low), 1.5330 (Apr 29 low) and 1.5288 (100-hour SMA). On the flip side, resistances could be found at the 1.5497/1.5500 area (Apr 29 high/psychological level) and 1.5551 (Feb 26 high).