16 Jun 2015
GBP/USD: Making advances and highs
FXStreet (Guatemala) - GBP/USD is currently trading at 1.5650 with a high of 1.5655 and a low of 1.5540.
GBP/USD is bid and taking on the channel resistance for a further push higher. The major has been bid since 1.5190 and the lows of the supply that met the minor recovery of the downside from 1.5675 on 22nd May.
Fundamentally, GBP is bid despite misses in inflation numbers overnight and the upside may be limited on this basis, especially as head towards the FOMC showdown this week. Technically, GBP/USD targets 1.5813 high while to the downside, we are finding support at 1.5540, 1.5420 and 1.5260.
GBP/USD is bid and taking on the channel resistance for a further push higher. The major has been bid since 1.5190 and the lows of the supply that met the minor recovery of the downside from 1.5675 on 22nd May.
Fundamentally, GBP is bid despite misses in inflation numbers overnight and the upside may be limited on this basis, especially as head towards the FOMC showdown this week. Technically, GBP/USD targets 1.5813 high while to the downside, we are finding support at 1.5540, 1.5420 and 1.5260.