20 Jan 2015
GBP/USD posts session highs at 1.5131
FXStreet (Mumbai) - Cable turned green and broke above 1.5100 threshold in the European morning, extending its side-ways movement from the past few days ahead of BOE minutes release.
The GBP/USD pair traded at 1.5122 levels, marginally up 0.07% on the day, having posted fresh session highs at 1.5131 levels few minutes ago. GBP/USD still continues to hover around 1.5100 levels as traders expect that a fresh direction may set in post the Bank of England’s (BOE) minutes release and wage data.
The BOE Monetary Policy Committee's (MPC) January meeting minutes, reporting the vote of each member during the recent meeting, which will be released tomorrow.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5100 above which gains could be extended to 1.5156 levels. On the flip side, support is seen at 1.5053 (Jan 7 Low), below which it could extend losses to sub 1.5032 (Jan 8 Low) levels.
The GBP/USD pair traded at 1.5122 levels, marginally up 0.07% on the day, having posted fresh session highs at 1.5131 levels few minutes ago. GBP/USD still continues to hover around 1.5100 levels as traders expect that a fresh direction may set in post the Bank of England’s (BOE) minutes release and wage data.
The BOE Monetary Policy Committee's (MPC) January meeting minutes, reporting the vote of each member during the recent meeting, which will be released tomorrow.
GBP/USD Levels to consider
The pair has an immediate resistance at 1.5100 above which gains could be extended to 1.5156 levels. On the flip side, support is seen at 1.5053 (Jan 7 Low), below which it could extend losses to sub 1.5032 (Jan 8 Low) levels.