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23 Oct 2015
GBP/USD treading water near 1.5400
FXStreet (Edinburgh) - The sterling is following the broad sentiment in the rest of the risk-associated assets on Friday, with GBP/USD hovering over the 1.5400 handle so far.
GBP/USD rebounds from 1.5370
The pair is reverting three sessions of losses today, returning to the positive ground after buyers have showed up in the 1.5370 region. However, spot remains on track to recover ground lost after Thursday’s deep pullback led by the ECB, although gains appear limited by the 1.5415/20 band for the time being.
Data wise in the UK economy, the next risk event will be the release of the preliminary GDP figures during the third quarter, with consensus expecting an expansion of 0.6% inter-quarter and 2.4% on a yearly basis.
GBP/USD important levels
As of writing the pair is advancing 0.02% at 1.5396 with the next resistance at 1.5448 (61.8% Fibo of 1.5658-1.5106) ahead of 1.5496 (100-day sma) and finally 1.5658 (high Sep.18). On the other hand, a breach of 1.5367 (low Oct.22) would aim for 1.5335 (200-day sma) and then 1.5317 (38.2% Fibo of 1.5658-1.5106).
GBP/USD rebounds from 1.5370
The pair is reverting three sessions of losses today, returning to the positive ground after buyers have showed up in the 1.5370 region. However, spot remains on track to recover ground lost after Thursday’s deep pullback led by the ECB, although gains appear limited by the 1.5415/20 band for the time being.
Data wise in the UK economy, the next risk event will be the release of the preliminary GDP figures during the third quarter, with consensus expecting an expansion of 0.6% inter-quarter and 2.4% on a yearly basis.
GBP/USD important levels
As of writing the pair is advancing 0.02% at 1.5396 with the next resistance at 1.5448 (61.8% Fibo of 1.5658-1.5106) ahead of 1.5496 (100-day sma) and finally 1.5658 (high Sep.18). On the other hand, a breach of 1.5367 (low Oct.22) would aim for 1.5335 (200-day sma) and then 1.5317 (38.2% Fibo of 1.5658-1.5106).