7 Jan 2015
GBP/USD down to 1.5100 after US ADP private employment
FXStreet (San Francisco) - The British Pound traded down against the Dollar after the good surprise in the ADP employment report. After the data, the GBP/USD fell over 25 pips to test the 1.5100 area.
ADP reported 241K new jobs in December; 14K above expectations of 225K and the largest increase since June. The ADP November reading was revised 19K up to 227K from 208K.
Currently, GBP/USD is trading at 1.5114, down 0.25% on the day, having posted a daily high at 1.5160 and low at 1.5103. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/USD Sentiment
If the pair breaks below 1.5100, it will find next supports at 1.5080 and 1.5060. To the upside, resistances are at 1.5145, 1.5200 and 1.5270.
ADP reported 241K new jobs in December; 14K above expectations of 225K and the largest increase since June. The ADP November reading was revised 19K up to 227K from 208K.
Currently, GBP/USD is trading at 1.5114, down 0.25% on the day, having posted a daily high at 1.5160 and low at 1.5103. GBP/USD spot is in neutral territory according to the hourly FXStreet OB/OS Index, while the FXStreet Trend Index is slightly bearish.
GBP/USD Sentiment
If the pair breaks below 1.5100, it will find next supports at 1.5080 and 1.5060. To the upside, resistances are at 1.5145, 1.5200 and 1.5270.