16 Dec 2015
GBP/USD bounces off 1.50, FOMC eyed
FXStreet (Edinburgh) - After an ephemeral test of sub-1.50 levels, GBP/USD has managed to regain some traction and trade back around 1.5020/25 so far.
GBP/USD weaker on USD, data
The pair keeps its negative streak alive this week following today’s mixed results from the UK’s labour market figures, where the jobless rate ticked lower to 5.2% but Claimant Count and Average Earnings have both missed expectations.
Ahead in the session, spot will remain under pressure in light of the FOMC meeting, where the Committee is expected to announce the first rate hike after nearly a decade of exceptionally low rates.
GBP/USD important levels
The pair is now losing 0.06% at 1.5026 with the next support at 1.4954 (low Dec.8) followed by 1.4893 (low Dec.2) and then 1.4853 (low Aprl.21). On the flip side, a breakout of 1.5227 (55-day sma) would open the door to 1.5336 (high Nov.9) and finally 1.5322 (200-day sma).
GBP/USD weaker on USD, data
The pair keeps its negative streak alive this week following today’s mixed results from the UK’s labour market figures, where the jobless rate ticked lower to 5.2% but Claimant Count and Average Earnings have both missed expectations.
Ahead in the session, spot will remain under pressure in light of the FOMC meeting, where the Committee is expected to announce the first rate hike after nearly a decade of exceptionally low rates.
GBP/USD important levels
The pair is now losing 0.06% at 1.5026 with the next support at 1.4954 (low Dec.8) followed by 1.4893 (low Dec.2) and then 1.4853 (low Aprl.21). On the flip side, a breakout of 1.5227 (55-day sma) would open the door to 1.5336 (high Nov.9) and finally 1.5322 (200-day sma).