8 Jun 2015
GBP/USD firmer, approaches 1.5300
FXStreet (Edinburgh) - The sterling is now gathering further pace and keeps pushing GBP/USD higher, closer to the 1.5300 critical barrier.
GBP/USD reverts initial losses
The pair managed to come back from session lows in the 1.5220 area in early trade, bolstered by the now generalized softer tone in the greenback as market participants keep cashing up recent gains post-Payrolls.
Previously, rating agency Moody’s informed that the UK economy would continue the solid recovery in the upcoming years, although a negative point remains its high budget deficit.
GBP/USD relevant levels
At the moment the pair is up 0.09% at 1.5286 with the next up barrier at 1.5305 (high Jun.8) ahead of 1.5370 (high Jun.5) and then 1.5441 (high Jun.4). On the flip side, a breach of 1.5221 (low Jun.8) would aim for 1.5191 (low Jun.5 ) and finally 1.5181 (low Jun.2).
GBP/USD reverts initial losses
The pair managed to come back from session lows in the 1.5220 area in early trade, bolstered by the now generalized softer tone in the greenback as market participants keep cashing up recent gains post-Payrolls.
Previously, rating agency Moody’s informed that the UK economy would continue the solid recovery in the upcoming years, although a negative point remains its high budget deficit.
GBP/USD relevant levels
At the moment the pair is up 0.09% at 1.5286 with the next up barrier at 1.5305 (high Jun.8) ahead of 1.5370 (high Jun.5) and then 1.5441 (high Jun.4). On the flip side, a breach of 1.5221 (low Jun.8) would aim for 1.5191 (low Jun.5 ) and finally 1.5181 (low Jun.2).