11 Jun 2015
GBP/USD unmotivated around 1.5500
FXStreet (Edinburgh) - The sterling is prolonging its steady trading vs. the dollar into the American session on Thursday, with GBP/USD gyrating around 1.5500 the figure.
GBP/USD coming down from 1.5550
In spite of today’s correction lower, all points to a positive weekly close in the pair after three consecutive pullbacks, managing to clinch tops in the mid-1.5500s after dropping to as low as the 1.5200 neighbourhood during the last week.
Recent results in the UK docket came in on the mixed side, although the pair found in the resurgence of the risk-appetite trends enough excuses to fuel the upside to levels last seen in late May above the 1.5500 mark.
Next week promises to be quite interesting for GBP traders as UK’s inflation figures, labour market results, BoE minutes and retail sales are all due to be published.
GBP/USD key levels
The pair is now retreating 0.20% at 1.5500 with the next support at 1.5406 (50% of 1.5257-1.5554) followed by 1.5371 (low Jun.10) and then 1.5355 (10-d MA). On the other hand, a surpass of 1.5554 (high Jun.10) would open the door to 1.5569 (61.8% of 1.5815-1.5170) and finally 1.5575 (76.4% of 1.5700-1.5170)
GBP/USD coming down from 1.5550
In spite of today’s correction lower, all points to a positive weekly close in the pair after three consecutive pullbacks, managing to clinch tops in the mid-1.5500s after dropping to as low as the 1.5200 neighbourhood during the last week.
Recent results in the UK docket came in on the mixed side, although the pair found in the resurgence of the risk-appetite trends enough excuses to fuel the upside to levels last seen in late May above the 1.5500 mark.
Next week promises to be quite interesting for GBP traders as UK’s inflation figures, labour market results, BoE minutes and retail sales are all due to be published.
GBP/USD key levels
The pair is now retreating 0.20% at 1.5500 with the next support at 1.5406 (50% of 1.5257-1.5554) followed by 1.5371 (low Jun.10) and then 1.5355 (10-d MA). On the other hand, a surpass of 1.5554 (high Jun.10) would open the door to 1.5569 (61.8% of 1.5815-1.5170) and finally 1.5575 (76.4% of 1.5700-1.5170)