交易新闻
27 Apr 2015
GBP/USD consolidates circa 1.5180
FXStreet (Mumbai) - GBP/USD continues to trade around a flat line in the early European morning, extending its side trend from Asia, as the pound extends its consolidative mode versus the greenback after the recent strength.
GBP/USD supported on USD weakness
The GBP/USD pair trades flat at 1.5178, failing yet another attempt to 1.52 handle. The GBP/USD pared previous gains and trades muted as sterling continues its accumulation phase after the pair moved higher throughout the week, supported by relatively light US macro data and somewhat hawkish BoE minutes.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies erased gains and now trades muted at 97.05, awaiting fresh incentives.
Meanwhile, traders now turn their focus towards UK CBI Industrial Order Expectations in a data thin GBP calendar and later on US services PMI reading for further momentum on the pair. While UK prelim CPI figures due tomorrow are closely awaited by market participants.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5196 (Feb 3 High) above which gains could be extended to 1.5250 levels. On the flip side, support is seen at 1.5165 (Today’s Low) below which it could extend losses to 1.5149 (March 18 High) levels.
GBP/USD supported on USD weakness
The GBP/USD pair trades flat at 1.5178, failing yet another attempt to 1.52 handle. The GBP/USD pared previous gains and trades muted as sterling continues its accumulation phase after the pair moved higher throughout the week, supported by relatively light US macro data and somewhat hawkish BoE minutes.
The US dollar index which measures the relative strength of the greenback against a basket of six major currencies erased gains and now trades muted at 97.05, awaiting fresh incentives.
Meanwhile, traders now turn their focus towards UK CBI Industrial Order Expectations in a data thin GBP calendar and later on US services PMI reading for further momentum on the pair. While UK prelim CPI figures due tomorrow are closely awaited by market participants.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5196 (Feb 3 High) above which gains could be extended to 1.5250 levels. On the flip side, support is seen at 1.5165 (Today’s Low) below which it could extend losses to 1.5149 (March 18 High) levels.