3 Feb 2015
GBP/USD posts highs around 1.5080
FXStreet (Edinburgh) - The pound continues to trade on a positive mood on Tuesday, now pushing GBP/USD to test intraday highs in the 1.5080 neighbourhood.
GBP/USD boosted by risk, data
Spot keeps extending its bounce off session troughs in sub-1.5000 levels, reclaiming the 1.5070/80 zone and challenging weekly highs at the same time. The auspicious result from the UK Construction PMI during January is collaborating with the upside as well, all against the backdrop of favouring context for the risk-associated universe.
Next of relevance for GBP traders will be the Services PMI due tomorrow (56.3 exp.) followed by the BoE MPC meeting to be held on Thursday.
GBP/USD key levels
The pair is now gaining 0.35% at 1.5076 and a breakout of 1.5100 (psychological level) would aim for 1.5115 (21-d MA) and then 1.5161 (high Jan.29). On the downside, the initial support lies at 1.4972 (low Jan.26) ahead of 1.4952 (low Jan.23) and finally 1.4900 (psychological handle).
GBP/USD boosted by risk, data
Spot keeps extending its bounce off session troughs in sub-1.5000 levels, reclaiming the 1.5070/80 zone and challenging weekly highs at the same time. The auspicious result from the UK Construction PMI during January is collaborating with the upside as well, all against the backdrop of favouring context for the risk-associated universe.
Next of relevance for GBP traders will be the Services PMI due tomorrow (56.3 exp.) followed by the BoE MPC meeting to be held on Thursday.
GBP/USD key levels
The pair is now gaining 0.35% at 1.5076 and a breakout of 1.5100 (psychological level) would aim for 1.5115 (21-d MA) and then 1.5161 (high Jan.29). On the downside, the initial support lies at 1.4972 (low Jan.26) ahead of 1.4952 (low Jan.23) and finally 1.4900 (psychological handle).