17 Feb 2015
GBP/USD returns to 1.5350
FXStreet (Edinburgh) - The pound is now losing the grip as the US dollar is reclaiming part of the ground lost, taking GBP/USD to the mis-1.5300s.
GBP/USD back from 1.5400
The pair is retracing the earlier spike to levels just above the 1.5400 handle following the release of the UK consumer prices. In addition, fresh hopes on a Greek debt deal have also sparked a renewed interest in the risk-associated assets, collaborating with the upside.
However, a current resurgence of a bid tone around the dollar is now weighing on the pair, relegating it to the 1.5355/50 band.
GBP/USD key levels
At the moment the pair is down 0.06% at 1.5352 with the next support at 1.5339 (low Feb.16) ahead of 1.5306 (200h-MA) and then 1.5297 (10-d MA). On the upside, a breakout of 1.5441 (high Feb.16) would aim for 1.5481 (23.6% of 1.7192-1.4952) and finally 1.5486 (low Dec.23).
GBP/USD back from 1.5400
The pair is retracing the earlier spike to levels just above the 1.5400 handle following the release of the UK consumer prices. In addition, fresh hopes on a Greek debt deal have also sparked a renewed interest in the risk-associated assets, collaborating with the upside.
However, a current resurgence of a bid tone around the dollar is now weighing on the pair, relegating it to the 1.5355/50 band.
GBP/USD key levels
At the moment the pair is down 0.06% at 1.5352 with the next support at 1.5339 (low Feb.16) ahead of 1.5306 (200h-MA) and then 1.5297 (10-d MA). On the upside, a breakout of 1.5441 (high Feb.16) would aim for 1.5481 (23.6% of 1.7192-1.4952) and finally 1.5486 (low Dec.23).