11 Jul 2013
GBP/USD remains below 1.5100
FXstreet.com (Barcelona) -The sterling is following its European counterpart on Thursday, with the GBP/USD correcting from peaks and finding a comfort zone around 1.5080/85.
GBP/USD now looks to US data
Absent docket in the UK today, market participants will closely follow the results from the weekly employment report in the US economy, with Bernanke’s speech still floating amongst investors. In the opinion of analysts at BabyPips.com and checking the 4-hour chart, “Watch out though, for a solid candle close below 1.5200, as that would signal that the recent downtrend ain't finished yet”.
GBP/USD key levels
The pair is now advancing 0.40% at 1.5077 and a surpass of 1.5193 (high Jul.11) would target 1.5284 (50% of 1.4832-1.5753) en route to 1.5305 (high Jul.3). On the downside, support levels align at 1.5035 (low Jul.11) ahead of 1.5000 (psychological level) and then 1.4868 (low Jul.10).
GBP/USD now looks to US data
Absent docket in the UK today, market participants will closely follow the results from the weekly employment report in the US economy, with Bernanke’s speech still floating amongst investors. In the opinion of analysts at BabyPips.com and checking the 4-hour chart, “Watch out though, for a solid candle close below 1.5200, as that would signal that the recent downtrend ain't finished yet”.
GBP/USD key levels
The pair is now advancing 0.40% at 1.5077 and a surpass of 1.5193 (high Jul.11) would target 1.5284 (50% of 1.4832-1.5753) en route to 1.5305 (high Jul.3). On the downside, support levels align at 1.5035 (low Jul.11) ahead of 1.5000 (psychological level) and then 1.4868 (low Jul.10).