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2 Jun 2015
GBP/USD regains 1.5200 and above
FXStreet (Edinburgh) - The pound has retaken the 1.5200 handle vs. the greenback on Tuesday, lifting GBP/USD back to the 1.5220/30 band.
GBP/USD better post-UK data
The pair left the area of session lows around 1.5170 after a positive set of results from the UK economy. In fact, Mortgage Approvals increased to 68.07K during April, Construction PMI ticked higher to 55.9 and Consumer Credit surpassed estimates at £1.173 billion during April.
Ahead in the session and still in the UK, the BRC’s Shop Price Index will be also published (-1.9% prev.).
GBP/USD relevant levels
At the moment the pair is advancing 0.21% at 1.5232 with the next resistance at 1.5305 (high Jun.1) followed by 1.5343 (high May 29) and finally 1.5400 (psychological level). On the downside, a break below 1.5181 (low Jun.2) would open the door to 1.5170 (low Jun.1) and then 1.5167 (100-d MA).
GBP/USD better post-UK data
The pair left the area of session lows around 1.5170 after a positive set of results from the UK economy. In fact, Mortgage Approvals increased to 68.07K during April, Construction PMI ticked higher to 55.9 and Consumer Credit surpassed estimates at £1.173 billion during April.
Ahead in the session and still in the UK, the BRC’s Shop Price Index will be also published (-1.9% prev.).
GBP/USD relevant levels
At the moment the pair is advancing 0.21% at 1.5232 with the next resistance at 1.5305 (high Jun.1) followed by 1.5343 (high May 29) and finally 1.5400 (psychological level). On the downside, a break below 1.5181 (low Jun.2) would open the door to 1.5170 (low Jun.1) and then 1.5167 (100-d MA).